Iran’s domestic billet prices increased this week amid limited supply caused by power cuts in the country. However, weak finished steel market sentiments led to decrease in rebar prices, sources informed BigMint.
- Billet prices rose by 3,500 rial/kg to 241,000 rial/kg as against 19 June.
- Rebar prices stood at 269,000 rial/kg, a decrease of 1,000 rial/kg.
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