Tag: billet price correction

Iran’s billet prices fell by 9,000 rials/kg ($7/t) to 461,000 rials/kg ($344/t) on 4 Feb’26, while rebar prices remained unchanged at 600,000 rials/kg ($448/t) Billet prices dipped on holiday-thinned trade and cautious buying, with thin spot activity prompting a mild correction despite firm cost support. Rebar prices stayed flat as exchange restrictions and cautious sentiment…