Tag: Iran: Billet prices drop amid political uncertainty

Iran’s billet prices declined, as weak sentiment lingered amid political uncertainty, indecision regarding pellet rates, and slow demand. Rising costs failed to lift rebar prices, which remained stuck near February levels, with recovery hinging on clearer policy direction. Billets stood at 309,500 rial/kg, down by 2,000 rial/kg on 14 Jul against 9 Jul’25. Rebars were…