Tag: electricity shortage Iran steel

Iran’s billet prices rose by 3,000 rial/kg to 325,500 rial/kg, while rebars remained unchanged at 385,000 rial/kg on 6 Aug’25. Domestic supply tightened due to electricity and water shortages, pushing production lower, and supporting billet and HRC prices. Globally, prices have reached a floor amid Chinese export pressure and US tariffs, preventing further declines and…