Iran: Domestic billet prices fall, rebar stable amid weak demand

Iran’s domestic billet prices declined this week due to weak demand and increased supply. Rebar prices also remained under pressure, influenced by power cuts and shortage of billets, sources informed BigMint.

  • Billet prices decreased by 4,700 rial/kg to 246,300 rial/kg as against 14 Aug.
  • Rebar prices stood stable at 298,000 rial/kg.

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