Iran: Steel billet, rebar prices fall on weak demand

Iran’s domestic billet and rebar prices witnessed a sharp fall due to weak demand, sources informed SteelMint.

• Steel billet prices fell sharply by 4,000 Rial/Kg to 163,500 Rial/Kg as against the closing on 15 Jun’22.
• Rebar prices stood at 185,500 Rial/Kg on 20 Jun, a sharp fall of 3,000 Rial/Kg.