Iran: Domestic billet, rebar prices weaken further amid bearish market sentiments

Iran’s domestic billets and rebars prices continue to remain under pressure amid sluggish finished steel demand in the region, sources informed SteelMint.

• Steel billets prices fell by 1,500 Rial/Kg to 138,000 Rial/Kg as against 23 Nov’22.
• Rebars prices stood stable at 162,500 Rial/Kg on 28 Nov.