Iran: Billet prices stay flat, rebar rises amid uncertain market dynamics

Domestic billet prices in Iran remained unchanged this week, amid weak finished steel market sentiments. Despite weak demand, prices of rebar witnessed an increase as it has already reached its bottom level, sources informed BigMint.

• Billet prices remained stable at 260,500 Rial/kg on 16 Dec’24 as against 11 Dec.
• Rebar prices increased by 2,000 Rial/kg to 307,000 Rial/kg on 16 Dec’24 as against 11 Dec.