Tag: sanction effects steel

Billet prices in Iran rose 17,000 rial/kg ($40/t) to 368,000 rial/kg ($875/t), while rebar gained 13,000 rial/kg ($31/t) to 408,000 rial/kg ($970/t) d-o-d. The surge in billet prices was fuelled by rising currency exchange rates, robust demand, and sanction-related concerns. Rebar prices in Iran rose, driven by strong market sentiment, supply chain pressures, higher billet…