Tag: Iran steel industry update

Iran’s billet prices dropped this week, driven by a declining exchange rate and subdued demand, according to sources. Additionally, rebar tags softened, as buyer sentiment weakened amid uncertainty surrounding the ongoing Iran-US negotiations. Billet prices were at 306,000 rial/kg on 21 Apr, down by 11,500 rial/kg from 16 Apr. Rebar tags stood at 371,000 rial/kg…