Iran: Billet, rebar prices stay supported amid nuclear talks, supply concerns

Domestic billet prices in Iran remained stable amid nuclear talks, formally called the Joint Comprehensive Plan of Action, while rebar prices increased due to limited supply, sources informed SteelMint.

• Steel billet prices stood stable at 133,000 Rial/Kg as against the closing on 31 Aug’22.
• Rebar prices stood at 160,000 Rial/Kg on 5 Sept, an increase of 1,500 Rial/Kg.