Iran’s domestic billet prices fell sharply this week while rebar prices witnessed a recovery following the uptrend in the Iran Mercantile Exchange (IME), sources informed SteelMint.
- Steel billet prices slumped by 2,000 Rial/Kg to 154,500 Rial/Kg as against the closing on 30 May 2022.
- Rebar prices stood at 177,500 Rial/Kg on 1 June, a recovery of 1,000 Rial/Kg.
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