Tag: Iran steel market update

Iran: Billet gains on firm raw material costs; rebar holds steady

Feb 23, 2026

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by

Ramavath Mounika

in Billet, Semi Finished

Firm DRI trend supports billet market Narrow billet-rebar spread adds support Iranian billet prices increased by 25,000 rial/kg ($18/t) to 500,000 rial/kg ($363/t) on 23 February compared to 18 February, while rebar prices remained unchanged at 585,000 rial/kg ($424/t). The rise in billet prices was driven by firm DRI trends and ongoing pellet shortages, which…