Iran export semis prices stable in lack of trading

Iranian export billet and slab prices remained unchanged in the week to Wednesday March 11, with a slowdown in domestic demand limiting trading activity while the country approaches the Persian New Year holiday on March 20.

The increased demand in the local market in recent weeks was a result of the loss in the exchange-rate value of the national currency against the US dollar, with local traders hedging against inflation.

In the official exchange markets, $1 was trading at 42,0523 Iranian rials on March 3, against 42,059 rials on the corresponding date in February, according...

Published

Vlada Novokreshchenova

March 11, 2020

17:15 GMT

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