Tag: rebar prices soften w-o-w amid weak spot demand

Demand slows on weak construction activity, slower economic conditions Constrained supply, higher DRI costs limit sharper price declines Iran’s domestic billet and rebar prices weakened during the week ended 27 July, as sluggish spot demand outweighed the impact of tighter supply and higher production costs. Domestic billet prices fell by 2,000 rial/kg ($1/t) w-o-w to…