Tag: Iran: Billet and rebar prices see mixed trends

Iran’s steel market showed mixed trends. Billet prices inched up to 344,000 rial/kg, supported by stable exports and favourable currency swaps, while rebar slipped to 375,000 rial/kg, amid weak demand. While fewer power cuts boosted production, the export market is expected to absorb the increased volumes. Non-standard-sized billets found buyers in neighbouring markets, easing oversupply…