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17 Jan
12:48

Iranian longs prices continue to inch up

Iran has started the week with a long products price increase. One domestic mill concluded a 5.5-11mm diameter SAE 1008 grade wire rod deal for 1,000 tonnes at $625-640/tonne ex-works over the weekend, up $10/t on the previous week. SAE 1006 grade wire rod offers are $15-20/t higher, subject to producer and diameter, Kallanish notes. Domestic rebar prices are meanwhile pegging at $545-560/t ex-works for multiple sizes of 12-32mm dia A3 rebar. If over 50% of the in…
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