Iran: Domestic billet prices stable, rebar prices fall

Iran’s domestic billet prices remained supported on increasing demand from re-rollers. Rebar prices witnessed a downturn due to the Iranian government’s plan to reduce DRI prices by up to 5%, sources informed SteelMint.

• Steel billet prices remained stable at 135,500 rial/kg on 12 Jan’22.
• Rebar prices fell by 1,000 rial/kg to 150,000 rial/kg against 10 Jan.