Tag: Iran’s steel market sees mixed trends

Iran’s steel market showed mixed trends this week. Domestic billet prices fell by 1,000 rial/kg to 340,500 rial/kg amid weak demand during the long weekend and holidays. Rebar, however, firmed at 380,000 rial/kg, up 4,000 rial/kg, with a major drop considered unlikely despite slower demand. If electricity outages ease, supply could rise, putting pressure on…