Tag: exchange rate Iran

Weak demand limits further price gains Squeezed mill margins weigh on sentiment Iranian billet prices increased by 26,500 rial/kg ($17/t) w-o-w to 718,500 rial/kg ($452/t), while rebar prices rose by 10,000 rial/kg ($6/t) to 790,000 rial/kg ($497/t). The gains were largely driven by exchange-rate fluctuations and higher stock exchange base prices. Billet prices benefited from…