Iran: Billet prices fall but rebar edges up amid fluctuating market dynamics

Domestic billet prices in Iran declined this week due to weak market sentiment and subdued demand, pushing prices lower. In contrast, rebar prices increased driven by steady market trends and sustainable finished steel demand, sources informed BigMint.

• Billet prices fell by 500 Rial/kg to 275,000 Rial/kg on 6 Jan’25 against 1 Jan.
• Rebar tags increased by 2,000 Rial/kg to 324,000 Rial/kg on 6 Jan as against 1 Jan.