Tag: Iranian rial

Iranian billet prices slipped 1,000 rial/kg ($2/t) to 359,500 rial/kg ($854/t) as compared to 3 Nov’25, while rebar remained steady at 405,000 rial/kg ($959/t). Oversupply, a weaker exchange rate, and sluggish construction demand kept market sentiment muted. Activity slowed further amid seasonal demand fatigue and ongoing policy confusion, while regional steel demand from Syria’s reconstruction…