- Billet prices in Iran rose 1,500 rial/kg ($4/t) to 351,000 rial/kg ($835/t), while rebar gained 5,000 rial/kg ($12/t) to 395,000 rial/kg ($939/t) on Monday.
- Strong exports to Turkmenistan, Georgia, and Afghanistan, and a rising exchange rate fuelled demand, with all billets sold out at the Iran Mercantile Exchange.
- Market sentiment remains bullish, supported by new government rules on steel exports, which could lift prices if restrictions ease.
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