Iran’s domestic billet prices rose this week due to supply concerns and the increasing US dollar-rial exchange rate. Similarly, rebar prices climbed up as a result of limited billet availability, sources informed BigMint.
- Billet prices rose by 1,500 rial/kg to 267,000 rial/kg on 23 Dec’24 as against 18 Dec.
- Rebar tags increased by 1,000 rial/kg to 314,000 rial/kg on 23 Dec as against 18 Dec.
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