Tag: Iran EAF steel

Iranian billet prices rose 500 rial/kg ($1/t) to 365,000 rial/kg ($867/t) against 19 Nov’25, while rebar gained 6,000 rial/kg ($14/t) to 436,000 rial/kg ($1,035/t). Producers maintained control through restricted supply and cash-only sales, but softening global prices pushed more material into the domestic market. The supply-demand gap in semis and finished steel is unlikely to…