Tag: Iran: Billet rebar prices remain firm as power and water shortages hit production

Iran’s billet prices rose 500 rial/kg to 326,500 rial/kg, while rebar reached 385,000-390,000 rial/kg as of 18 Aug’25 (vs 13 Aug). The economic outlook has grown uncertain, with politics overshadowing fundamentals and potential sanctions stalling decision-making. Power outages and water shortages continue to disrupt production, while the stock market’s new plan for upstream steel transactions…