Iran’s domestic billet prices fell this week due to weak demand and lower DRI price. Followed by decrease in exchange rate, rebar prices also dipped, sources informed BigMint.
- Billet prices fell by 4,000 rial/kg to 226,500 rial/kg as against 24 April.
- Rebar prices stood at 280,000 rial/kg, a decrease of 3,000 rial/kg.