News - English
News numbre:  8710260932
2009-01-15 - 19:04

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.