Tag: Iran Billet

Iran’s billet prices stayed unchanged at 386,000 rials/kg ($919/t) on 24 Dec, with rebar unchanged at 480,000 rials/kg ($1,142/t). Globally, steel markets remain stable amid flat iron ore prices, though producer margins are narrowing. Holiday-led slowdown persists across Turkiye and Russia, with clearer direction expected by mid-January. Domestically, sentiment turned cautious on rumours of forex…