Iran: Billet prices dip on weak demand and pre-holiday slowdown

Domestic billet and rebar prices in Iran declined amid sluggish demand ahead of holidays, surplus liquidity on the Iran Mercantile Exchange, and a stagnant rebar market. Overall, market sentiment remained subdued, keeping trade activity limited.

• Billet tags fell to 323,000 Rial/kg on 9 Jun, down by 2,500 Rial/kg from 4 Jun.
• Rebar prices stood firm at 380,000 Rial/kg on 9 Jun, unchanged from 4 Jun.