Author: Adarsh Sahu

Prices in Iran’s domestic steel market declined further this week, as rebar demand dropped, dragging prices lower. Meanwhile, weaker buying interest and a cautious market sentiment led to a decrease in billet prices. Billet prices fell to 297,000 rial/kg on 30 Apr, down 1,000 rial/kg down from 28 Apr. Rebar tags dropped to 355,000 rial/kg…