Billet prices in Iran witnessed a fall despite lower exchange rates due to limited demand amid lower supply. Following limited supply of billets in the market and declining prices, finished steel prices also witnessed a drop, sources informed.
- Billet prices fell by 1,000 Rial/kg to 225,500 Rial/kg as against 6 May.
- Rebar prices stood at 274,000 Rial/Kg, a decrease of 3,000 rial/kg.