Iran: Steel billet prices fall, rebar prices up

Iran’s domestic billet prices fell due to billet orders getting cancelled on Iran Mercantile Exchange (IME) while rebar prices witnessed a jump, sources informed SteelMint.

• Steel billet prices fell by 1,500 Rial/Kg to 167,500 Rial/Kg as against the closing on 13 June’22.
• Rebar prices stood at 188,500 Rial/Kg on 15 June, a rise of 1,500 Rial/Kg.