Tag: Iranian steel market outlook

Iran’s billet prices climbed by 21,500 rials/kg ($16/t) to 470,000 rials/kg ($357/t) on 2 Feb’26, while rebar prices rose by 40,000 rials/kg ($30/t) to 600,000 rials/kg ($456/t). Billet prices increased on rising upstream costs, higher DRI prices and steady export demand tightening supply despite cautious domestic trading. Rebar prices improved despite exchange trading restrictions, and…