Iran: Domestic billet, rebar prices fall on weak market sentiments

Iran’s domestic billets and rebars prices saw a significant decrease following fluctuations in the exchange rate and sluggish finished long steel demand in the market, sources informed SteelMint.

  • Steel billets prices fell by 2,000 Rial/Kg to 140,500 Rial/Kg as against 16 Nov’22.
  • Rebars prices stood at 163,000 Rial/Kg on 21 Nov, down by 1,500 Rial/Kg.

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