Iran: Domestic billets, rebars prices head south amid exchange rate fluctuations

Iran’s domestic billets and rebars prices dropped significantly following a decrease in the USD rate against Rial, sources informed SteelMint.

• Steel billets prices fell by 500 Rial/Kg to 142,500 Rial/Kg as against 9 Nov’22.
• Rebars prices stood at 164,500 Rial/Kg on 14 Nov, down by 4,000 Rial/Kg.