Tag: Iranian steel industry

Iranian billet prices increased by 8,000 rial/kg ($19/t) from 12 Nov’25 to 364,000 rial/kg ($866/t), while rebar jumped by 7,000 rial/kg ($17/t) to 429,000 rial/kg ($1,020/t). Tight supply lifted tags, though the rise comes amid cash-only sales. With global prices weakening, mills diverted more volumes into the domestic market. Weak demand, a widening supply imbalance,…