Iran: Domestic billet prices remain stable; rebar falls amid weak market sentiments

Domestic billet prices in Iran remained stable, supported by rising production costs, including electricity, gas, and financing. In contrast, rebar tags experienced a decline, driven by subdued demand, sources informed BigMint.

• Billet prices remained stable at 260,500 Rial/kg on 11 Dec’24 as against 9 Dec.
• Rebar prices decreased by 2,000 Rial/kg to 305,000 Rial/kg on 11 Dec’24 as against 9 Dec.