Iran: Billet, rebar prices remain firm as power, water shortages hit production

—

Iran’s billet prices rose 500 rial/kg to 326,500 rial/kg, while rebar reached 385,000-390,000 rial/kg as of 18 Aug’25 (vs 13 Aug).
The economic outlook has grown uncertain, with politics overshadowing fundamentals and potential sanctions stalling decision-making.
Power outages and water shortages continue to disrupt production, while the stock market’s new plan for upstream steel transactions has fuelled doubts about whether it would stabilize prices or boost exports.

Comments