Iran’s domestic billet prices have risen due to a decrease in supply and concerns over gas shortage, which have pushed up demand for billets. This uptick in billet prices has also contributed to stabilising rebar prices, sources informed BigMint.
- Billet prices rose by 2,500 Rial/kg to 247,500 Rial/kg on 23 Oct’24 as against 21 Oct.
- Rebar prices remained stable at 297,000 Rial/kg on 23 Oct.
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