Iran: Domestic billet prices stable, rebar continues to head south

Iran’s domestic billet prices remained stable this week, as market activity was subdued. Meanwhile, rebar prices continued their downtrend amid expectations of further price cuts, sources informed BigMint.

• Billet prices stayed firm at 246,300 rial/kg as against 26 Aug’24.
• Rebar prices stood at 296,000 rial/kg, a decrease of 1,000 rial/kg.