Iran: Domestic billet, rebar prices uptrend continue amid supportive market sentiments

Iran’s domestic billet and rebar prices continued their uptrend amid ex-rate fluctuation, limited DRI production and supply concerns, sources informed BigMint.

  • Billet prices rose by 7,500 Rial/Kg to 232,000 Rial/Kg as against 29 Jan.
  • Rebar prices stood at 260,000 Rial/Kg, an increase of 4,000 Rial/Kg.