Iran: Billet prices rise amid market control measures,currency pressure

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Iran’s billet prices rose by 7,500 rial/kg ($18/t) from 1 Oct’25 to 378,500 rial/kg ($900/t), while rebar gained 20,000 rial/kg ($48/t) to reach 415,000 rial/kg ($987/t).
The market has internalised sanctions, pushing the government toward tighter economic control and reduced development spending.
Mills are likely to restrict supply or extend credit sales amid rising currency pressure, while upcoming gas shortages may sustain high production costs despite regulations.

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