During the past two weeks, domestic
rebar prices in
Iran have declined by IRR 262,000/mt ($7/mt) to IRR 15,138,000/mt ($431/mt) ex-works, including nine percent VAT. Demand for
rebar in the local Iranian market is currently weak and it is not expected to increase in the coming period. As a result, domestic
rebar prices in
Iran are expected to continue their downward trend due to the decline seen in transaction activity.
$1 = IRR 35,100