Tag: Iran domestic billet rises on tight supply; rebar slips amid weak demand

Higher production costs push up billet prices 30,000-t billet export deal closed through exchange Iran’s domestic billet prices increased by 12,000 rial/kg ($8/t) to 597,500 rial/kg ($407/t) as of 1 July, supported by tighter domestic supply and rising production costs, even as weak overseas demand weighed on export prices. Mills faced higher electricity, gas, labour,…