Tag: Middle East steel

Iran’s billet prices rose by 2,000 rial/kg ($1/t) to 453,000 rial/kg ($333/t) on 11 Feb’26 from 9 Feb, while rebar prices increased by 5,000 rial/kg ($4/t) to 605,000 rial/kg ($444/t). Political tensions and currency volatility triggered precautionary buying, supporting slight price gains despite weak underlying demand and holiday-related market closure. Limited slab supply and widening…