- Iranian billet prices increased by 8,000 rial/kg ($19/t) from 12 Nov’25 to 364,000 rial/kg ($866/t), while rebar jumped by 7,000 rial/kg ($17/t) to 429,000 rial/kg ($1,020/t). Tight supply lifted tags, though the rise comes amid cash-only sales.
- With global prices weakening, mills diverted more volumes into the domestic market. Weak demand, a widening supply imbalance, currency uncertainty, emerging gas shortages, and upcoming secondary FX measures may pressure prices.
Iran: Billet, rebar see sharp gains amid supply strain
billet and rebar trends domestic steel demand Iran gas shortage steel Iran Iran cash-only steel sales Iran FX impact on steel Iran Rebar Prices Iran steel market Iran steel price forecast Iran: Billet and rebar see sharp gains amid supply strain Iranian Billet Prices Iranian billet rise Iranian steel industry rebar price increase steel market outlook Iran steel supply Iran tight supply steel
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