Iran: Domestic billet prices remain stable, rebar falls amid weak market sentiments

Iran’s domestic billet prices remained stable amid an increase in supply due to rising demand. However, rebar prices dropped on a sluggish finished steel market, sources informed BigMint.

• Billet prices remained stable at 244,000 Rial/kg on 18 Sep’24 as against 16 Sep’24.
• Rebar prices dropped by 2,000 Rial/kg to 295,000 Rial/kg on 18 Sep’24.