Iran: Domestic billet prices rise, rebar offers drop amid market uncertainty

Iran’s domestic billet prices rose this week, driven by strong demand from re-rollers. Meanwhile, rebar offers fell amid weak sentiments in finished steel and volatility in the exchange rate, sources informed BigMint.

• Billet prices rose by 1,000 Rial/kg to 245,000 Rial/kg on 16 Oct’24 as against 14 Oct.
• Rebar prices dropped by 2,000 Rial/kg to 296,000 Rial/kg on 16 Oct’24.