Iran: Domestic billet, rebar prices remain under pressure on weak market sentiments

Iran’s domestic billet prices remained under pressure this week due to muted activity in the market. Meanwhile, rebar prices fell amid price cut expectations due to weak demand, sources informed BigMint.

• Billet prices remained stable at 246,300 rial/kg as against 21 Aug.
• Rebar prices stood at 297,000 rial/kg, a decrease of 1,000 rial/kg.