Iran’s billet prices dropped this week, driven by a declining exchange rate and subdued demand, according to sources. Additionally, rebar tags softened, as buyer sentiment weakened amid uncertainty surrounding the ongoing Iran-US negotiations.
- Billet prices were at 306,000 rial/kg on 21 Apr, down by 11,500 rial/kg from 16 Apr.
- Rebar tags stood at 371,000 rial/kg on 21 Apr, falling by 9,000 rial/kg against 16 Apr.
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