Author: Nidhi Awasthi
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Iran: Domestic billet prices rise, rebar offers drop
Iran’s domestic billet prices climbed up this week amid higher export activity and increased production costs from electricity, gas, and wage hikes. However, rebar tags fell due to weak demand and a declining exchange rate, sources informed BigMint. Billet prices rose by 6,500 Rial/kg to 256,000 Rial/kg on 4 Nov’24 as against 30 Oct. Rebar…