Tag: steel market updates.

Billet prices fell 9,000 rial/kg ($21/t) w-o-w to 363,000 rial/kg ($863/t), while rebar remained at 405,000 rial/kg ($963/t). Weak demand kept prices in check, though potential Iranian ship inspections could disrupt exports. The market is stabilising, amid high competition, factories with subsidiaries are leveraging advantages. Exports of 130 mm billets remain strong, while 150 mm 5sp supply is limited, tightening…