Domestic billet prices in Iran continued to increase due to supply concerns amid recent government announcements of power cuts. However, weak finished steel market sentiments weigh on rebar prices, sources informed BigMint.
- Billet prices rose by 1,000 Rial/kg to 237,500 Rial/kg as against 17 June.
- Rebar prices stood at 270,000 Rial/kg, a decrease of 1,000 Rial/kg.