Iran: Billet, rebar prices drop amid weak market sentiments
Iran's domestic billet and rebar prices dropped this week after witnessing slight recovery owing to decrease in sales at the Iran Mercantile Exchange (IME) and weak finished steel market sentiments, sources informed SteelMint.
- Billet prices fell by 1,500 Rial/Kg to 204,000 Rial/Kg as against 13 Dec.
- Rebar prices stood at 251,000 Rial/Kg, a decrease of 1,000 Rial/Kg.