- Improved power supply supported billet production
- Gas availability gradually normalized across mills
Iran’s billet prices rose by 12,000 rial/kg ($9/t) to 475,000 rial/kg ($348/t) on 18 February from 16 Feb, while rebar prices decreased by 15,000 rial/kg ($11/t) to 585,000 rial/kg ($429/t).
Billet prices rose by 12,000 rial/kg as improved power and gas supply supported production recovery, while tight pellet availability and high DRI base prices (240,000 rial/kg ($176/t)) kept input costs elevated. Export offers near $395-400/t FOB also provided pricing support, limiting downside pressure despite subdued market activity.
Rebar prices fell by 15,000 rial/kg due to weak construction demand, slowing year-end transactions, and liquidity constraints. Exchange-rate uncertainty and limited effective working weeks further dampened buying interest, weighing on finished steel prices.
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