Iran: Steel billet prices inch up on supply woes

Iran: Steel billet prices inch up on supply woes

  • Billet prices rose 2,500 rial/kg to 312,000 rial/kg, while rebar reached 380,000 rial/kg, gaining 5,000 rial/kg from 23 Jul’25.
  • Production disruptions from power cuts, water shortages, and unscheduled closures — even affecting green electricity units — tightened supply, supporting prices amid weak demand.

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