Iran’s domestic billet prices witnessed a recovery due to limited availability in the domestic market. Meanwhile, rebar prices remained stable amid low buying interest, as finished steel players are awaiting a drop in billet and DRI prices, sources informed BigMint.
- Billet prices rose by 3,000 Rial/kg to 229,500 Rial/kg as against 29 April.
- Rebar prices stood stable at 280,000 Rial/Kg.