Tag: Iran: Billet and rebar prices surge on strong exports bullish market sentiment

Billet prices in Iran rose 1,500 rial/kg ($4/t) to 351,000 rial/kg ($835/t), while rebar gained 5,000 rial/kg ($12/t) to 395,000 rial/kg ($939/t) on Monday. Strong exports to Turkmenistan, Georgia, and Afghanistan, and a rising exchange rate fuelled demand, with all billets sold out at the Iran Mercantile Exchange. Market sentiment remains bullish, supported by new…