Iran: Billet price remain unchanged; rebar prices down by $29/t amid weak demand

• Iran's billet prices stayed unchanged at 404,500 rials/kg ($961/t) on 31 December, while rebar declined by 12,000 rials/kg ($29/t) to 480,000 rials/kg ($1,144/t).
• However, weak domestic demand and tight liquidity are capping any sharp price movement. Market stability is also supported by the upcoming New Year holidays and slower export activity, keeping trading largely subdued and limiting volatility.