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News number: 8710260932

19:04 | 2009-01-15

Economy

نسخه چاپي ارسال به دوستان

Mobarakeh Steel Complex Lowers Prices as Stocks Pile Up

TEHRAN (FNA)- Iran's Mobarakeh Steel has once again agreed to lower domestic prices in a bid to offload stockpiles that have been estimated to amount to as much as 350,000 tons.



The company sold around 40,000 tons of hot rolled coil at 4.96-5.27 million Rials ($496-527) per ton ex-works earlier this week, also reducing its cold rolled coil, hot dipped galv and tinplate prices in its latest deals.