Iran: Domestic billet, rebar prices rebound on improved market activity

Domestic billet and rebar prices have witnessed a recovery on the back of improved trading activity in the domestic market, sources informed SteelMint.

• Steel billet prices rose by 500 Rial/Kg to 133,000 Rial/Kg as against the closing on 1 Aug.
• Rebar prices stood at 158,500 Rial/Kg on 3 August, a significant increase of 1,500 Rial/Kg.