Domestic billet prices in Iran have increased amid upcoming Presidential election and economic recession. However, rebar prices remain unchanged due to inventory caused by power shortage and a lack of liquidity in the domestic market, sources informed BigMint.
- Billet prices rose by 4,100 rial/kg to 228,500 rial/kg as against 5 June.
- Rebar prices stood at 269,000 rial/kg.