- Iran’s steel market showed mixed trends. Billet prices inched up to 344,000 rial/kg, supported by stable exports and favourable currency swaps, while rebar slipped to 375,000 rial/kg, amid weak demand.
- While fewer power cuts boosted production, the export market is expected to absorb the increased volumes.
- Non-standard-sized billets found buyers in neighbouring markets, easing oversupply concerns.
- The exchange rate is likely to influence prices ahead.
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