Tag: power outage impact steel Iran

Iran’s billet and rebar prices declined, largely due to logistical constraints stemming from truck driver protests, which disrupted transportation and delivery schedules. Additionally, intermittent power outages affected production at several mills, adding to supply-side pressures and weakening market sentiment. Billet prices fell by 3,500 rial/kg to 332,000 rial/kg on 2 Jun from 28 May. Rebar…