Tag: rebar prices rise on higher production costs

Higher energy costs strengthen domestic steel prices Rebar prices gain on exchange-rate support Iranian billet prices increased by 21,500 rial/kg ($14/t) w-o-w to 692,000 rial/kg ($440/t), while rebar prices rose by 55,000 rial/kg ($35/t) to 780,000 rial/kg ($496/t). The upward movement was driven by higher exchange rates, rising energy costs and increased production expenses, particularly…