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...