Iran’s domestic billet prices improved this week after reaching the bottom level as expected by market participants while rebar prices which are yet to improve are expected to increase in the coming weeks with positive finished steel market sentiments, sources informed BigMint.
- Billet prices rose by 2,500 rial/kg to 224,500 rial/kg as against 27 May.
- Rebar prices stood at 267,000 rial/kg, a decrease of 1,000 rial/kg.