Iran’s billet prices witnessed an increase this week amid supply concerns owing to recent power cuts announced by the Iranian government. Followed by rise in billet prices, rebar prices also increased, sources informed BigMint.
- Billet prices rose by 1,500 Rial/kg to 236,500 Rial/kg as against 12 June.
- Rebar prices stood at 271,000 Rial/kg, an increase of 1,000 Rial/kg.