Iran: Billet, rebar prices stable as buyers hold back purchases

Iran’s domestic billet and rebar prices remained stable this week as buyers have adopted a wait-and-watch policy amid fluctuations in the exchange rate and political negotiations, formally called the Joint Comprehensive Plan of Action, sources informed SteelMint.

• Steel billet prices stood at 138,500 Rial/kg, stable as against the closing on 5 Oct.
• Rebar prices, too, were stable at 164,000 Rial/kg on 10 Oct.