Tag: DRI supply constraints

Lower billet availability may support prices in coming weeks Limited billet procurement pressures finished steel manufacturers Iranian billet prices declined by 24,000 rial/kg ($13/t) w-o-w to 1,001,000 rial/kg ($558/t), while rebar prices fell by 10,000 rial/kg ($6/t) to 1,210,000 rial/kg ($674/t) w-o-w. The decline followed weakening exchange rates, which dampened buying interest and prompted market…