- Billet prices in Iran rose 17,000 rial/kg ($40/t) to 368,000 rial/kg ($875/t), while rebar gained 13,000 rial/kg ($31/t) to 408,000 rial/kg ($970/t) d-o-d.
- The surge in billet prices was fuelled by rising currency exchange rates, robust demand, and sanction-related concerns.
- Rebar prices in Iran rose, driven by strong market sentiment, supply chain pressures, higher billet costs, and defence sector demand.
Iran: Billet, rebar prices surge on currency appreciation, demand
billet and rebar trends billet price Iran construction steel Iran currency impact steel I-beam price Iran Iran Mercantile Exchange Iran steel prices non-ferrous metals Iran rebar price Iran sanction effects steel steel demand Iran steel export trends steel market Iran steel market update steel supply chain
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