Iran: Billet prices fall 0.5%; rebar prices gain 1%

• Billet prices in Iran fell 0.5% to 373,000 ($886/t), while rebar prices rose 1% to 485,000 ($1,140/t) on 3 Dec. Trading was largely halted by pollution-related closures and weak demand.
• While global demand remains weak, higher fuel prices, rising inflation, and unresolved export rules are keeping sentiment fragile and mills cautious in domestic markets.