Iran: Billet prices ease by $10/t w-o-w amid weak demand

• Iranian billet prices slipped by 4,000 rial/kg ($10/t) w-o-w to 355,500 rial/kg ($845/t), while rebar rebounded by 5,000 rial/kg ($12/t) to 410,000 rial/kg ($974/t).
• Domestic demand for sheets, billets, and sections remained weak; the export market showed strong momentum, supported by demand from both eastern and western borders.
• Higher gas tariffs are expected to raise production costs, while rising liquidity may push up wages and logistics expenses.