Tag: Iran: Billet rises on improved supply

Improved power supply supported billet production Gas availability gradually normalized across mills Iran’s billet prices rose by 12,000 rial/kg ($9/t) to 475,000 rial/kg ($348/t) on 18 February from 16 Feb, while rebar prices decreased by 15,000 rial/kg ($11/t) to 585,000 rial/kg ($429/t). Billet prices rose by 12,000 rial/kg as improved power and gas supply supported…