Tag: Iran: Billet prices rise despite weak demand; rebar remains stable

Higher raw material costs support prices Market expects limited downside in prices Iran’s domestic steel market remained subdued during the week ended 27 July as weak demand and the Arbaeen observance kept trading activity limited. Billet prices increased by 2,500 rial/kg ($2/t) w-o-w to 670,500 rial/kg ($433/t), supported by higher raw material costs and upward…