Tag: Steel Exports

Iranian billet prices slipped by 4,000 rial/kg ($10/t) w-o-w to 355,500 rial/kg ($845/t), while rebar rebounded by 5,000 rial/kg ($12/t) to 410,000 rial/kg ($974/t). Domestic demand for sheets, billets, and sections remained weak; the export market showed strong momentum, supported by demand from both eastern and western borders. Higher gas tariffs are expected to raise…