Iran’s domestic billet and rebar prices remained under pressure this week, too. However, prices have already reached the bottom level and are expected to improve in the near term as sellers are hesitant to sell at lower levels, sources informed BigMint.
- Billet prices fell by 1,000 rial/kg to 222,000 rial/kg as against 22 May.
- Rebar prices stood stable at 268,000 rial/kg.