Tag: Iran: Billet prices rise $7/t amid higher energy costs and sanction concerns

Billet prices in Iran rose 3,000 rial/kg ($7/t) to 371,000 rial/kg ($882/t), while rebar settled at 395,000 rial/kg ($940/t). In the domestic market, sanctions, high energy costs, and looming gas shortages pressure mills despite accounting profits. Exports of ore, DRI, and billet may decline, while rebar prices face caution amid weak construction demand. Prices are…