Author: Nidhi Awasthi
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Iran: Steel billet prices drop, rebar tags improve
Domestic steel billet prices in Iran declined amid ample stocks of cost-effective material, coupled with stagnation in the longs market. Despite subdued demand, rebar prices edged up due to rising cost pressures, sources informed BigMint. Billet prices fell by 2,500 Rial/kg to 260,500 Rial/kg on 18 Nov’24 against 13 Nov. Rebar prices increased by 2,000…