Iran: Steel billet, rebar prices fall amid lack of demand
Domestic steel billet prices in Iran declined due to reduced demand and production challenges caused by gas shortages. Rebar prices also fell, impacted by sluggish demand and a drop in billet tags, sources informed BigMint.
- Billet prices fell by 1,000 Rial/kg to 263,000 Rial/kg on 13 Nov'24 as against 11 Nov.
- Rebar prices decreased by 5,000 Rial/kg to 303,000 Rial/kg on 13 Nov.