Tag: rebar prices decline amid weaker exchange rate and subdued demand

Higher down-payment requirements raise procurement costs Tighter IME limits curb buying activity and liquidity Iranian billet prices declined by 13,500 rial/kg ($8/t) w-o-w to 828,500 rial/kg ($494/t), while rebar prices fell by 30,000 rial/kg ($18/t) to 950,000 rial/kg ($567/t). The decline was mainly driven by a lower exchange rate, which reduced steel prices across the…