Iran: Billet, rebar prices continue downtrend amid bearish sentiments

Iran’s domestic billet and rebar prices continue to fall this week as market participants are still in a wait-and-watch mode amid fluctuations in the exchange rate and political negotiations, sources informed SteelMint.

  • Steel billet prices fell by 1,500 Rial/Kg to 136,500 Rial/Kg as against the closing on 12 Oct.
  • Rebar prices stood at 161,000 Rial/Kg on 17 Oct, down by 1,000 Rial/Kg.

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