Iran: Domestic billet prices drop, rebar remains stable amid uncertain market dynamics

Iran’s domestic billet offers dropped, following sharp price hikes in the previous weeks and the availability of delayed payment cargoes offered at cash rates. Meanwhile, rebar prices stayed firm, despite subdued demand and higher supply, sources informed BigMint. Presently, uncertainty surrounds market dynamics.

• Billet tags fell 1,500 Rial/kg to 259,500 Rial/kg on 27 Nov’24 against 25 Nov.
• Rebar prices stood stable at 306,000 Rial/kg on 27 Nov’24 against 25 Nov.