Domestic steel billet prices in Iran declined due to reduced demand and production challenges caused by gas shortages. Rebar prices also fell, impacted by sluggish demand and a drop in billet tags, sources informed BigMint.
- Billet prices fell by 1,000 Rial/kg to 263,000 Rial/kg on 13 Nov’24 as against 11 Nov.
- Rebar prices decreased by 5,000 Rial/kg to 303,000 Rial/kg on 13 Nov.

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