Tag: Iran Domestic Billet Prices
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Iran: Billet prices fall even as rebar prices remain stable
Billet prices in Iran are trending down on weak buying interest as the country’s government seeks to control prices by lowering DRI prices. However, re-rollers are resisting any move to lower prices due to their expensive billet purchases from warehouses that has kept rebar prices stable. Steel billet prices fell by 500 Rial/Kg to 135,000…