Tag: Iran domestic billet price
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Iran: Billet prices stable while rebar prices edge lower
Iran’s domestic billet prices remained stable while rebar prices witnessed a downtrend due to the decrease in direct reduced iron (DRI) prices and selling pressure from some players. Steel billet prices remained stable at 140,500 Rial/Kg on 2 Feb’22. Rebar prices fell sharply by 4,000 Rial/Kg to 156,000 Rial/Kg against 31 Jan.