Author: Nidhi Awasthi
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Iran: Domestic billet prices rise, rebar offers drop amid market uncertainty
Iran’s domestic billet prices rose this week, driven by strong demand from re-rollers. Meanwhile, rebar offers fell amid weak sentiments in finished steel and volatility in the exchange rate, sources informed BigMint. Billet prices rose by 1,000 Rial/kg to 245,000 Rial/kg on 16 Oct’24 as against 14 Oct. Rebar prices dropped by 2,000 Rial/kg to…