Tag: billet price Iran

Iran’s billet prices rose by 2,500 rial/kg ($6/t, 0.7%) to 386,000 rials/kg ($919/t) on 22 Dec, while rebar prices fell by 5,000 rial/kg ($12/t, 1%) to 480,000 rials/kg ($1,142/t). The domestic market turned cautious amid unconfirmed reports of ending subsidised forex rates and shifting trades to NIMA’s (Iran’s official foreign exchange platform) Second Hall, linked…