Tag: Iran billet prices remain stable w-o-w while rebar gains despite weak demand

Holidays kept Iran’s steel market largely subdued Aggressive mill competition limited finished steel price gains Iran’s billet prices remained stable w-o-w at 670,500 rial/kg ($431/t), while rebar prices increased by 10,000 rial/kg ($6/t) to 725,000 rial/kg ($466/t). The divergence reflects weak finished-steel demand and limited market activity amid holidays and a weaker exchange rate. Rebar…