- Billet prices fell 9,000 rial/kg ($21/t) w-o-w to 363,000 rial/kg ($863/t), while rebar remained at 405,000 rial/kg ($963/t). Weak demand kept prices in check, though potential Iranian ship inspections could disrupt exports.
- The market is stabilising, amid high competition, factories with subsidiaries are leveraging advantages.
- Exports of 130 mm billets remain strong, while 150 mm 5sp supply is limited, tightening domestic rebar and sheet availability.
Iran: Steel billet prices drop by $21/t w-o-w on soft demand
130mm billets 150mm 5sp steel billet and rebar trends domestic rebar supply Iran Iran billet prices Iran Rebar Prices Iran: Steel billet prices drop by $21/t w-o-w on soft demand Iranian ship inspections Iranian steel exports Iranian steel industry news Iranian steel market steel demand Iran steel market updates. steel price w-o-w
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