Iran: Billet prices remain stable, weak demand persists amid policy pressure

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Billet prices remained stable against 23 Oct’25 at 363,000 rial/kg ($864/t), while rebars inched up by 2,000 rial/kg ($5/t) to 407,000 rial/kg ($968/t). Limited billet supply, weak rolling mill activity, and sluggish demand kept prices range-bound.
The government’s IME pricing formula continues to strain producers like Mobarakeh, while reduced exchange supplies risk liquidity stress and regulatory penalties, possibly prompting mills to resume offers in the coming weeks.

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