- Iran’s billet prices increased by 44,000 rials/kg ($105/t) to 448,500 rials/kg ($1,067/t) on 7 Jan’26, while rebar prices rose by 40,000 rials/kg ($95/t) to 560,000 rials/kg ($1,332/t).
- Rebar prices rose as exchange-rate convergence and higher import cost calculations lifted costs, while prices were already near production levels.
- Billet prices increased sharply on rising cost pressure amid geopolitical uncertainty.
Iran: Billet, rebar prices jump on currency devaluation, higher cost pressure
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