Iran: Domestic billet, rebar prices drop as supply increases

Iran’s domestic billet prices fell due to increased supply in the market. Rebar prices declined too, following the drop in billet prices, sources informed BigMint.

• Billet prices fell by 2,300 rial/kg to 244,000 rial/kg on 16 Sept’24 against 11 Sep’24.
• Rebar prices dropped by 1,000 rial/kg to 297,000 rial/kg on 16 Sept’24.