- Billet prices fell by 4,500 rial/kg ($11/t) to 374,000 rial/kg ($888/t) as compared to Wednesday, despite mills having limited supply and delayed deliveries in response to price adjustments. Rebar prices, however, held steady at 407,000 rial/kg ($966/t) amid cautious market sentiment.
- The short-term outlook suggests a mild upward correction, supported by export activity, though mandated pricing and upcoming gas cuts could cap gains.
Iran: Billet prices fall by $11/t w-o-w; rebar remains stable
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