Iran: Domestic billet, rebar prices increase amid strong demand

Iran’s domestic billet prices witnessed an increase amid active demand. Following the hike in billet prices and higher exchange rate, rebar prices also increased, sources informed BigMint.

• Billet prices rose by 1,300 Rial/kg to 246,300 Rial/kg as against 26 June.
• Rebar prices stood at 277,000 Rial/kg, an increase of 2,000 Rial/kg.