- Iranian billet prices slipped 1,000 rial/kg ($2/t) to 359,500 rial/kg ($854/t) as compared to 3 Nov’25, while rebar remained steady at 405,000 rial/kg ($959/t).
- Oversupply, a weaker exchange rate, and sluggish construction demand kept market sentiment muted. Activity slowed further amid seasonal demand fatigue and ongoing policy confusion, while regional steel demand from Syria’s reconstruction lent slight optimism against an otherwise subdued global trend.
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