Tag: Iran: Limited supply pushes billet and rebar prices higher; sanction threat looms

Iran’s billet prices rose by 8,000 rial/kg to 341,500 rial/kg on 1 Sep’25, while rebar gained 5,000 rial/kg to 385,000 rial/kg. Demand was weak, but limited supply and high production costs pushed up prices. Steel exports may pick up in the short term, but if new sanctions are imposed within 30 days, the market could…