Iran’s domestic billet prices climbed up this week amid higher export activity and increased production costs from electricity, gas, and wage hikes. However, rebar tags fell due to weak demand and a declining exchange rate, sources informed BigMint.
- Billet prices rose by 6,500 Rial/kg to 256,000 Rial/kg on 4 Nov’24 as against 30 Oct.
- Rebar prices dropped by 13,000 Rial/kg to 302,000 Rial/kg on 4 Novt’24 against 30 Oct.
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