Iran’s domestic billet prices fell after Eid holidays due to higher billet production and DRI supply. However, supply restrictions and higher exchange rate improved rebar prices, sources informed BigMint.
- Billet prices fell by 23,000 Rial/kg to 238,000 Rial/kg as against 10 Apr prices.
- Rebar prices stood at 293,000 Rial/Kg, an increase of 1,000 Rial/kg.