Tag: Iran: Billet and rebar prices show mixed trends; mills brace for supply constraints

Iran’s billet prices held steady at 378,500 rial/kg ($900/t), while rebar fell by 8,000 rial/kg ($19/t) to 407,000 rial/kg ($968/t). Mills are likely to restrict raw material supply or extend credit-based sales to manage liquidity, keeping near-term availability tight. With the rial continuing to weaken, buying activity may persist for cost-averaging purposes, though upcoming gas…