Iran: Domestic billets, rebar prices rebound

Iran’s domestic billets and rebar prices saw a recovery after witnessing a continuous fall post-the government’s announcement of export tariffs on various products, including steel.

  • Steel billets prices rose by 1,000 Rial/Kg to 158,500 Rial/Kg against the closing on 18 April 2022.
  • Rebar prices stood at 176,500 Rial/Kg on 20 April, a significant rise of 1,500 Rial/Kg.

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