| As a result of an improvement in flat steel demand, especially for thicker material, prices are increasing steadily on both the Iran Mercantile Exchange and the off-exchange market, S&P Global Platts learned from IME and market sources.
Some 88,000 mt of sheet produced by Mobarakeh Steel Company was traded on the IME on Tuesday, indicating a strong level of demand. Different sizes of MSC-produced hot rolled coil traded at Rial 16.54 million-17.34 million/mt ($456-$479/mt), which is about 6% more than last week's trade levels. CRC traded at Riyal 20.87 million/mt, a 10% increase week on week...........................................Full Article: Source
|