Billet prices in Iran are trending down on weak buying interest as the country’s government seeks to control prices by lowering DRI prices. However, re-rollers are resisting any move to lower prices due to their expensive billet purchases from warehouses that has kept rebar prices stable.
- Steel billet prices fell by 500 Rial/Kg to 135,000 Rial/Kg exw compared to 12 Jan’22.
- Rebar prices are stable at 150,000 Rial/Kg exw on 17 Jan.
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