Iran: Domestic billet, rebar prices rebound amid supply concerns

Iran’s domestic billet prices witnessed a recovery amid higher demand and lower supply level. Followed by increase in billet prices, rebar prices also witnessed an increase, sources informed BigMint.

• Billet prices rose by 2,300 rial/kg to 247,500 rial/kg as against 8 Jul.
• Rebar prices stood at 281,000 rial/kg, an increase of 2,000 rial/kg.