Author: Nidhi Awasthi
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Iran: Billet prices stable, rebar falls on weak market sentiments
Iran’s domestic billet prices remained unchanged this week despite supply concerns amid increasing electricity, gas, and water crisis. Followed by pressure in billet prices, rebar prices also fell, sources informed BigMint. Billet prices stood stable at 251,000 Rial/kg as against 12 Aug. Rebar prices stood at 298,000 Rial/kg, a decrease of 3,000 Rial/kg.