Iran: Domestic billet prices drop amid weak demand, rebar tags follow suit

Domestic billet offers in Iran declined amid subdued demand and competitive pricing pressures. Meanwhile, rebar prices also decreased due to a drop in billet tags, sources informed BigMint.

• Billet prices fell by 1,000 Rial/kg to 274,500 Rial/kg on 20 Jan’25 against 15 Jan.
• Rebar prices decreased by 13,000 Rial/kg to 322,000 Rial/kg on 20 Jan’25 as against 15 Jan.