<strong><br> This week's domestic Iranian market was marked by limited fluctuations across various steel products, largely influenced by a stable exchange rate and sluggish demand. Here's a look at the key trends:<br> <span>Billet</span>: Billet price remained virtually unchanged, holding steady with the exchange rate.<br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: Holiday shutdowns and sluggish demand led to stable rebar prices.<br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: In the absence of a market maker, I-beam price held firm.<br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: Price for 2mm hot-rolled coil from Mobarakeh Steel Co. started the week at Rials 45,000 per kilogram on Saturday and fell slightly to Rials 44,700 by Wednesday. Production halts due to power outages and holidays contributed to the price stability.<br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: Weak demand and limited supply due to power cuts kept the market for Oxin co HRP from fluctuating.<br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: Prices for CRC strengthened with the rising exchange rate but began to decline at the end of the week as currency rate weakened.<br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: Similar to CRC market, the ups and downs of HDG price were tied to the exchange rate.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><span><br> In the world market</span>: Iron ore price saw a slight increase to around USD 105 / ton CFR China. However, the market expects a downward trend to begin in two months, as iron ore from Guinea is set to reach China. This could push prices down to USD 80, which would have a negative impact on Iran's steel exports. Scrap prices saw a minor drop, reaching USD 343/ ton CFR Turkey. Billet traded at USD 437/ ton FOB Black Sea and USD 410-420 / ton FOB Iranian ports. HRC remained unchanged at USD 465 per ton FOB Black Sea. Export rebar from China and Turkey was in the range of USD 463 -540/ ton, with a drop of up to $5.<br> The market outlook for the coming months is one of stability and stagnation. While economic conditions in the U.S. and the potential for interest rate cuts have spurred limited hope for a weaker dollar, the global market is currently too tight for any significant changes based on these factors.<br> <span><br> In the domestic market</span>: The domestic billet market has seen a surge in activity with the new currency swap mechanism for exports. If the exchange rate remains stable, exports of billets and other steel products will accelerate in the coming weeks.<br> With limited domestic demand, rising exchange rate would be a boon for exports. While "snapback mechanism" could halt exports, but steelmakers are currently enjoying the benefits. Despite increased production due to fewer power cuts, export market is expected to absorb the additional supply. <br> Recently, the market has seen a rise in the supply of non-standard billet sizes (not 150x150) with different analysis, which have found new customers in neighboring markets. Therefore, there is no need to worry about oversupply, as the favorable exchange rate has created a significant price difference. In the future, the exchange rate will be the most critical factor to watch for predicting steel prices.<br> <br> CBI average ex-rate for Steel Products (SANA): Rials 692.715 / 1USD<br> 08 Sep 2025 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> IRSTEEL.COM<br> <br> </strong>