Billet: Billet price trended downward in Iran domestic market as long weekend and holidays reduced demand.
Long Products
Rebar: Rebar price remained relatively stable. Although the holidays slowed demand, a price drop is unlikely.
I-beam: Beam prices decreased due to quiet demand.
Flat Products
HRC: HRC 2 mm thickness prices from Mobarakeh Steel increased from Rials 447,000/kg on Saturday to Rials 456,000 on Tuesday. Weak demand slightly lowered prices for other thicknesses, but production costs prevent further drops.
HRP: Oxin co HRP market experienced limited fluctuations.
CRC: CRC market was stable. The consumption season for this product has begun, and improved electricity supply will likely increase demand.
HDG: HDG market was relatively stable. Post-holiday fluctuations should be monitored.
Weekly Analysis:
In the world market: Global steel prices saw no significant changes last week. Crude oil remained steady at USD 70 per barrel, and iron ore stayed at USD105. Scrap price was also unchanged at USD 340 CFR Turkey. Steel billet was at USD 440 FOB Black Sea, while HRC saw a USD 10 improvement, reaching USD 475.
The global market lacks momentum, but there isn't a large gap between production costs and transaction prices. This is causing more mills to plan for production cuts. Meanwhile, Chinese producers are aggressively marketing their products with attractive prices, capturing market share. The main issue of market uncertainty is not expected to be resolved anytime soon.
In the domestic market: The Iranian domestic steel market was influenced by three key factors: politics, the exchange rate, and holidays. Steel billet transactions on the stock exchange were successful, which is impacting the cost of long products and preventing prices from falling, though the market slump continues.
Flat products market is waiting for a resolution to power shortages. Production of flat products requires electricity, which is currently limited. Most experts predict price stability in the coming days. There are ongoing efforts to allow the use of the second currency exchange hall for rebar, which would strengthen the market if successful. Otherwise, if electricity outages decrease, an increase in supply is expected, which would naturally affect prices.
CBI average ex-rate for Steel Products (SANA): Rials 692.861 / 1USD
15 Sep 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM