Tag: CBI exchange rate

Iran: Billet rises on tight supply, rebar slips amid weak construction demand

Feb 16, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Iran’s billet prices rose by 10,000 rial/kg ($7/t) to 463,000 rial/kg ($339/t) on 16 Feb’26 from 11 Feb, while rebar prices decreased by 5,000 rial/kg ($4/t) to 600,000 rial/kg ($440/t). Reduced production and export volumes, alongside pellet scarcity and DRI base prices at Rials 240,000/kg ($176/t), lifted billet costs, while weak construction activity capped rebar…