How much are Iranian billet prices?

There seems to be a slight increase in Iranian billet prices. The figures traded at Iranian billet prices, which have been $500 in recent weeks, were estimated at between $510-520. An increase in prices is predicted due to the energy-related production restrictions experienced in the market. In addition, billet price offers increased in the Russian market, which took advantage of the opportunity.

Workplaces and schools were closed for days due to a serious natural gas shortage in Iran. Due to this situation, Iran's steel production will be severely interrupted amid gas shortages. It is predicted that these developments and gas and electricity shortages will probably lead to a decrease of two million tons in the country's steel production. Regarding the news of the interruption of billet exports by Iranian market representatives, it was stated that there was no interruption in which they produced less due to the production restriction.