Iran’s domestic steel market continued to lose momentum this week amid softening demand. While billet prices fell, rebar tags remained unchanged. Recent reports indicate that Iranian mills have been informed of upcoming power restrictions, set to begin in May.
- Billets were at 298,000 rial/kg on 28 Apr, 4,500 rial/kg down from 23 Apr.
- Rebars stood firm at 360,000 rial/kg on 28 Apr as against 23 Apr.
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