28
Dec
11:48
Iranian steel prices increase on exchange rate regulation
Iranian steel producers are puzzled over a new regulation mandating foreign income from exports be exchanged using the Nima rate, which is nearly 25% lower than the free market rate.
Last week, after the depreciation of the local currency against the dollar, the Nima exchange rate stood at 30,000-33,000 tomans/dollar, whereas the free-market rate is nearly 43,100 tomans, Kallanish learns.
However, following the new regulation, the Iranian Merchandise E…
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Anonymous
Very good overview of the weekly steel market.
Anonymous