Tag: Iran commodities

Higher rebar prices improve billet buying interest Rising global steel, iron ore prices influence market Iranian billet prices increased by 86,500 rial/kg ($54/t) w-o-w to 805,000 rial/kg ($499/t), while rebar prices rose by 110,000 rial/kg ($68/t) to 900,000 rial/kg ($557/t). The increases were primarily driven by a weaker rial and higher exchange rates, which lifted…