- Iran’s billet prices held at 343,500 rial/kg, rising by 2,000 rial/kg on 3 Sep’25, while rebar stood at 383,000 rial/kg, inching down by 2,000 rial/kg.
- Market sentiment was dominated by weak demand and political uncertainty, which lifted the exchange rate and fuelled capital flight concerns.
- Steel prices are unlikely to fall due to cost pressures amid persistent power shortages. Gas-based generators are also set to struggle in winter.
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