Iran’s domestic billet and rebar prices increased ahead of the approaching president election owing to hike in export prices, supply concerns due to electricity shortage amid summer in the region, sources informed BigMint.
- Billet prices rose by 6,500 rial/kg to 235,000 rial/kg as against 10 June.
- Rebar prices stood at 270,000 rial/kg, an increase of 1,000 rial/kg.