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03 Jan
12:45

Winter weather subdues Iranian rebar market

Demand is subdued in Iran's domestic market due to rainy and, in some regions, cold weather, which has slowed construction activity. A few steel companies have been affected by natural gas supply disruption, but the majority have seen no restrictions, which has positively surprised steelmakers, notes Kallanish. Last week in the export market, Iranian rebar and billet were transacted at very low prices. This week, although market sentiment has not improved…
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