Iran: Domestic billet, rebar prices fall on muted activity

Domestic billet and rebar prices witnessed a sharp fall due to weak demand as Iranian market is awaiting results of political negotiations, formally called the Joint Comprehensive Plan of Action, sources informed SteelMint.

• Steel billet prices fell sharply by 4,500 Rial/Kg to 132,500 Rial/Kg as against the closing on 17 Aug.
• Rebar prices stood at 160,000 Rial/Kg on 22 August, a decrease of 1,500 Rial/Kg.