- Iranian billet rose by 500 rial/kg ($1/t) to 364,500 rial/kg ($866/t) as compared to 17 Nov’25, and rebar increased by 1,000 rial/kg ($2/t) to 430,000 rial/kg ($1,022/t).
- However, globally, markets stayed weak with limited movements across scrap, billet, slab, and HRC.
- Domestically, mills continued to have limited material and preferred cash sales only, but weak demand and global softness may push more material into the local market.
Iran: Billet, rebar edge higher on tight supply despite global softness
global steel outlook Iran billet rebar update Iran Rebar Prices Iran scrap market Iran steel prices Iran steel supply Iran: Billet and rebar edge higher on tight supply despite global softness Iranian billet market Iranian steel demand Iranian steel mills Middle East steel trends steel market analysis Iran
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