Iran: Domestic billets prices fall, rebar prices edge higher

Iran’s domestic billet prices witnessed a downtrend due to dull demand, although rebar prices remained supported.

• Steel billet prices fell sharply by 1,500 Rial/Kg to 141,000 Rial/Kg compared to 7 Feb’22.
• Rebar prices stood at 157,000 Rial/Kg on 9 Feb, a rise of 500 Rial/Kg.