Tag: Iran: Billet rises on tight supply

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…