Tag: steel mill operations Iran

Iran’s billet prices rose by 7,500 rial/kg ($18/t) from 1 Oct’25 to 378,500 rial/kg ($900/t), while rebar gained 20,000 rial/kg ($48/t) to reach 415,000 rial/kg ($987/t). The market has internalised sanctions, pushing the government toward tighter economic control and reduced development spending. Mills are likely to restrict supply or extend credit sales amid rising currency…