Iran: Domestic billets, rebar prices stable amid muted trading activity

Iran’s domestic billets and rebar prices remained stable this week amid weak demand in the domestic market. However, market sources opined that prices are likely to fall in the near term.

• Steel billets prices stood at 139,000 Rial/Kg, stable as against the closing on 26 Oct.
• Rebar prices, too, remained stable at 162,000 Rial/Kg on 31 Oct.