Iran’s steel market show mixed trends: billet slips, rebar gains

  • Iran’s steel market showed mixed trends last week. Billet slipped to 341,500 rial/kg, while rebar remained strong at 376,000 rial/kg, supported by active stock exchange trades that helped long products resist deeper cuts.
  • Flat products — Mobarakeh’s HRC 2 mm dropped by 14,000 rial/kg to 442,000 rial/kg.
  • Overall sentiment is cautious, with political developments, exchange rate swings, and supply constraints shaping the market outlook.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *