Iran: Billet, rebar prices ease; exports gain on currency swap

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Iran’s billet prices fell by 1,500 rial/kg to 342,000 rial/kg on 8 Sep’25, while rebar dropped 5,000 rial/kg to 378,000 rial/kg.
The new currency swap mechanism boosted billet trade, with stable exchange rates likely to accelerate exports.
Limited domestic demand and fewer power cuts increased supply, but exports helped offset the rise.
Non-standard-sized billets found buyers in neighbouring markets.

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