Iran’s domestic billet prices continued to drop amid increased production due to higher DRI supply. Followed by drop in billet prices, rebar prices also witnessed downtrend.
- Billet prices fell by 3,500 Rial/kg to 234,500 Rial/kg as against 15 Apr prices.
- Rebar prices stood at 290,000 Rial/Kg, a decrease of 3,000 Rial/kg.