Tag: Iran steel currency impact

Iran’s billet prices increased by 44,000 rials/kg ($105/t) to 448,500 rials/kg ($1,067/t) on 7 Jan’26, while rebar prices rose by 40,000 rials/kg ($95/t) to 560,000 rials/kg ($1,332/t). Rebar prices rose as exchange-rate convergence and higher import cost calculations lifted costs, while prices were already near production levels. Billet prices increased sharply on rising cost pressure…