Iran: Domestic billet, rebar prices up amid hike in DRI prices

Domestic billet and rebar prices saw a significant increase this week due to active buying interest amid declining stocks and hike in direct reduced iron (DRI) prices, sources informed SteelMint.

• Steel billet prices rose by 1,500 Rial/Kg to 135,000 Rial/Kg as against the closing on 12 Sept.
• Rebar prices stood at 163,000 Rial/Kg on 14 Sept, a sharp increase of 3,000 Rial/Kg.