Iran: Domestic billet prices rise, rebar falls amid uncertainty in market activity

Domestic billet prices in Iran headed north this week due to supply shortages and rising production costs, while rebar tags declined following weak demand, sources informed BigMint. Overall, market uncertainties led to these divergent trends.

• Billet prices rose by 1,000 Rial/kg to 275,500 Rial/kg on 1 Jan’25 against 30 Dec.
• Rebar tags decreased by 7,000 Rial/kg to 322,000 Rial/kg on 1 Jan’25 as against 30 Dec.