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Tag: Iran export rule uncertainty

  • Iran: Billet prices fall 0.5%; rebar prices gain 1%

    Iran: Billet prices fall 0.5%; rebar prices gain 1%

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    by

    Anshuman
    in

    Billet prices in Iran fell 0.5% to 373,000 ($886/t), while rebar prices rose 1% to 485,000 ($1,140/t) on 3 Dec. Trading was largely halted by pollution-related closures and weak demand. While global demand remains weak, higher fuel prices, rising inflation, and unresolved export rules are keeping sentiment fragile and mills cautious in domestic markets.