Tag: billet price drop Iran
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Iran: Billet prices dip on weak demand and pre-holiday slowdown
Domestic billet and rebar prices in Iran declined amid sluggish demand ahead of holidays, surplus liquidity on the Iran Mercantile Exchange, and a stagnant rebar market. Overall, market sentiment remained subdued, keeping trade activity limited. Billet tags fell to 323,000 Rial/kg on 9 Jun, down by 2,500 Rial/kg from 4 Jun. Rebar prices stood firm…