Iran: Steel billet, rebar prices downtrend continue amid negative market sentiments

Iran’s domestic billet and rebar prices continued their downtrend due to weak demand and lower exchange rate, sources informed BigMint.

  • Billet prices fell by 2,000 Rial/kg to 221,000 Rial/kg as against 15 May.
  • Rebar prices stood at 265,000 Rial/kg, a decrease of 2,000 Rial/kg.