While the commodity exchange tried to stop the upward trend, the transactions of some steel products in the market were canceled. This week, an average of 7% increase in rebar and sponge iron prices has been confirmed, while 99% of billet trading transactions have been cancelled. As a result, billet prices in the Iranian market increased by 20% compared to rebar prices, breaking new ground in the market.
The latest situation in the Iranian steel market
The ratio between billet and rebar was a first in the history of the Iranian steel industry.
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