- Billet prices in Iran fell 0.5% to 373,000 ($886/t), while rebar prices rose 1% to 485,000 ($1,140/t) on 3 Dec. Trading was largely halted by pollution-related closures and weak demand.
- While global demand remains weak, higher fuel prices, rising inflation, and unresolved export rules are keeping sentiment fragile and mills cautious in domestic markets.
Iran: Billet prices fall 0.5%; rebar prices gain 1%
billet down 0.5% billet price Iran today high fuel prices Iran Iran export rule uncertainty Iran Rebar Prices Iran steel closures Iran steel market Iran: Billet prices fall 0.5%; rebar prices gain 1% Iranian Billet Prices long steel products Iran Middle East steel market pollution impact on steel rebar up 1% rising inflation impact weak steel demand
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