Iran: Steel billet prices drop, rebar tags improve
Domestic steel billet prices in Iran declined amid ample stocks of cost-effective material, coupled with stagnation in the longs market. Despite subdued demand, rebar prices edged up due to rising cost pressures, sources informed BigMint.
- Billet prices fell by 2,500 Rial/kg to 260,500 Rial/kg on 18 Nov'24 against 13 Nov.
- Rebar prices increased by 2,000 Rial/kg to 305,000 Rial/kg on 18 Nov against 13 Nov.