Tag: Iran: Billet prices hold steady; Rebar gains $95/t on currency and policy support

Iran’s billet prices stayed unchanged at 404,500 rials/kg ($962/t) on 5 January, while rebar improved by 40,000 rials/kg ($95/t) to 520,000 rials/kg ($1,237/t). Domestic sentiment remains weak amid seasonal closures and geopolitical risks. A narrowing gap between official and open exchange rates has lifted exchange-traded base prices. Upcoming FX-free import approvals and higher customs valuations…