Tag: Iran domestic billet price

Iran’s domestic billets and rebars prices saw a sharp increase amid shortage of electricity as steel mills are ordered to reduce consumption by 30%. Also, scarcity of direct reduced iron (DRI) supply in the domestic market has supported prices. Steel billets prices rose by 10,000 Rial/Kg to 161,500 Rial/Kg as against 14 Dec’22. Rebars prices…