- Iran’s billet prices stayed unchanged at 386,000 rials/kg ($919/t) on 24 Dec, with rebar unchanged at 480,000 rials/kg ($1,142/t).
- Globally, steel markets remain stable amid flat iron ore prices, though producer margins are narrowing.
- Holiday-led slowdown persists across Turkiye and Russia, with clearer direction expected by mid-January.
- Domestically, sentiment turned cautious on rumours of forex policy changes and subsidy reforms.
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