The price of steel billet 5sp/ps is announced with a slight difference in stock market and free market. Bloom ingots are the most commonly used form of steel billets available on stock exchanges. Bloom steel prices are the benchmark for pricing some of the steel products on the stock exchange.
The steel billet 5sp price, the production of the Khuzestan steel mill, which this steel billet export from iran, is based on the price of middle-iron products, such as the price of sponge iron.