Iran’s domestic billet prices continued to drop due to lower exchange rate and weak export market sentiments. Meanwhile, rebar prices also dipped amid lack of demand and liquidity issues, sources informed BigMint.
- Billet prices fell by 2,000 Rial/kg to 223,000 Rial/kg as against 13 May.
- Rebar prices stood at 267,000 Rial/kg, a decrease of 4,000 Rial/kg.