Domestic billet and rebar prices remained supported amid lower stocks at the Iran Mercantile Exchange (IME). However, prices may witness a drop this week owing to the increased supply of billets in IME, sources informed SteelMint.
- Steel billet prices stood stable at 133,500 Rial/Kg as against the closing on 24 August.
- Rebar prices stood at 159,000 Rial/Kg on 29 August, an increase of 1,000 Rial/Kg.
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