Tag: Iran: Domestic billet and rebar climb amid elevated DRI prices and pellet constraints

Narrow billet-rebar spread supports price rise Billet prices rise on DRI cost pressure Iranian billet prices increased by 8,000 rial/kg ($6/t) to 508,000 rial/kg ($364/t) on 25 February compared to 23 February, while rebar prices also rose by 5,000 rial/kg ($4/t) to 590,000 rial/kg ($423/t). Iranian billet prices increased due to the continued surge in…