Steel billet prices in Iran continued to witness a downward trend this week amid lower trade and a weak exchange rate. Meanwhile, rebar prices remained stable owing to increased supply levels in the domestic market, sources informed BigMint.
- Billet prices fell by 1,000 Rial/Kg to 219,500 Rial/Kg as against 12 Feb’24
- Rebar prices stood stable at 253,000 Rial/Kg.