Tag: Iranian billet market

Iranian billet prices remained stable against 24 Nov’25 at 365,000 rial/kg ($867/t), while rebar rose 9,000 rial/kg ($14/t) to 445,000 rial/kg ($1,057/t). Mobarakeh Steel’s base price hike lifted sheet prices and signalled firmer slab and billet costs, even as export offers slipped to $390/t FOB. Meanwhile, the government pushed for higher supply, but tightening DRI…