Billet: Billet price fell under the influence of the exchange rate.
Long Products
Rebar: Recession, accompanied by a drop in the currency rate, led to a decrease in the price of rebar.
I-beam: Silence and market distraction weakened the price of I-beam.
Flat Products
HRC: Diverse supplies accompanied by fear of demand caused HRC prices to drop.
HRP: Confusion resulting from the exchange rate led to a decrease in the price of Oxin HRP.
CRC: Market recession led to a relative drop in the price of CRC.
HDG: The drop in the price of HRC and the decrease in the exchange rate led to a drop in the price of HDG.
Weekly Analysis:
In the world market: The oil price had a downward trend and reached $63. News indicates that next calendar year it will fall below $60; some pessimistic views speak of the $40 range.
There is no serious change in the steel markets. Iron ore did not change much, reaching around $106 per ton CFR China ports. Scrap reached $352 CFR Turkish ports. Billet went up by $3, reaching $437 FOB Black Sea ports. Slab did not change and was traded at $420 FOB Black Sea ports. Rebar went up by $8 and reached $550 FOB Turkish ports. HRC decreased by $7 and reached $463 FOB China ports.
Last week, Europe held meetings to counter China, and the European market will probably take decisions to confront cheap Chinese exports. This will lead to greater penetration of China in Asia, which is expanding every day. The sanctions between China and the US are a double-edged sword. With the US imposing 100% tariffs on rare metals, the Chinese also restricted exports to the US. But the question is, if the US doesn't buy these products, which customer is there for them on this scale? Perhaps the US can extract these products in Greenland and Canada; of course, it needs investment, but it is possible. But where does China want to sell a metal like Rubidium? These are realities that both sides know, and consequently, they will reach an agreement. The important thing is that the interests of both sides are secured!! This situation will continue until one of the two sides prevails. Consumption in China is declining, but it is increasing in India. Of course, the Indians mainly import raw materials, but China's exports will expand.
In the domestic market: Finally, the market situation is becoming clearer with the approval of the Ministry of Industry, Mine and Trade, and it seems everyone will be satisfied in the coming weeks!! Competition in the purchasing ring is high, and factories that have subsidiary companies, like Mobarakeh, can make good use of these conditions. Those who don't have them will learn and follow the same path. Their product will be bought by their subsidiaries. Consequently, the market will face the same duality of exchange and cash market in the coming weeks. But the export of some flat products and billet continues well, to the extent that billet size 150 mm 5sp, is less supplied in the market, and we mostly see deals of size 130, which has an export aspect. The meaning of this is that the supply of rebar and sheet to the market will decrease in the near future, but this reduction in supply will not lead to a price increase because demand is weak. An important matter causing concern for some stakeholders is the possibility of inspection of Iranian ships from next week, which may limit Iran's sea exports. However, neighboring markets with land borders have strong demand, especially for billet. But this matter cannot be easily overlooked. What we saw in the Exchange and spot market does not indicate a price reduction, even if currency rate is falling. If the naval sanctions are correct and occur, the market will completely collapse.
CBI average ex-rate for Steel Products (SANA): Rials 697,429 / 1USD
20 Oct 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM