Iran: Domestic billet prices stable, rebar prices edge up

Iran’s domestic prices of steel billets remained stable while rebar prices trended up due to higher billet prices on the Iran Mercantile Exchange (IME) and rising global prices of rebar, sources informed SteelMint.

• Steel billet prices remained stable at 143,000 Rial/Kg on 16 Feb’22.
• Rebar prices increased by 1,000 Rial/Kg to 159,000 Rial/Kg against 14 Feb.