Tag: Iran: Billet and rebar prices rise sharply as compared to 24 Dec

Iran’s billet prices jumped sharply by 18,500 rials/kg ($44/t) to 404,500 rials/kg ($963/t) on 29 December, while rebar prices increased by 12,000 rials/kg ($29/t) to 492,000 rials/kg ($1,172/t). Despite higher prices, Iran’s steel market remains weak amid poor demand and liquidity stress. Budget changes may hurt small mills and favour integrated exporters while exports slow…