Iran: Domestic billet, rebar prices drop amid lower exchange rate

Iran’s domestic billet and rebar prices witnessed a drop due to lack of demand and decrease in exchange rate, sources informed Bigmint.

  • Billet prices fell by 6,000 Rial/Kg to 226,000 Rial/Kg as against 31 Jan.
  • Rebar prices stood at 255,000 Rial/Kg, decrease of 5,000 Rial/Kg.