Billet price was almost stable during last week. Size 150 mm was priced at IRR 12, 700,000 per tonne to IRR 12,800,000 per tonne on truck in Anzali including 5% VAT. Debar price started rising from Tuesday but billet price didn't change as supply level increased. CIS origin billet is around USD 610 per tonne CFR northern ports but importers have problems for opening LC and applying for import permit is not an easy work.

There is a rumor in the market about a high tonnage parcel of billet which has not arrived Iranian ports yet. If so, billet price would decline significantly in domestic market.

Sourced - Irsteel.com

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