Billet: Billet price declined due to the prevailing recession in the rebar market, a quiet foreign exchange market, and the absence of most steel players who were attending the Kish Symposium.
Long Products
Rebar: The rebar market held steady. The main reason for this relative stability were reduced supply and prices having reached the bottom.
I-beam: In the I-beam market, stability was driven by the market-maker's influence. The delivery time set by Esfahan Steel co also supported this stable trend.
Flat Products
HRC:Mobarakeh Steel co HRC 2 mm thickness increased from Rials 502,000 on Saturday to Rials 505,000 by Wednesday. This price increase was driven by three factors: export demand, the Second Chamber currency rate (used for pipe and profile manufacturers), and supply management.
HRP: Supply restrictions have made HRP market sensitive. While prices would decrease if supply continue, the current market price is already below the production cost; therefore, any further serious price drop is unlikely.
CRC: CRC price increased due to export activity and continued supply management.
HDG: The primary cause for the increase in HDG price was the rising price of HRC.
Weekly Analysis:
In the world market: Global market is generally in recession, with the European steel market facing particular difficulties. Although reconstruction efforts have begun in Syria and sanctions have been lifted, this market is not large or wealthy enough to cause a significant shift in the global steel landscape.
In China, large steel mills have reduced production, but smaller mills are attempting to cut prices. With the liberalization of Guinean iron ore access, the Chinese steel market is expected to trend toward lower prices.
Oil prices are trending downward and this trend is likely to continue due to a global supply surplus.
In the domestic market: The Iranian steel market largely overlooked two significant developments last week, but their impact is expected to materialize in the coming months: Increase in Steel Producers' Gas Tariffs and financial Sector Instability (Bank Transfer): Bank Ayandeh was transferred to Bank Melli.
During the eight months it was managed by directors appointed by the Central Bank, Bank Ayandeh suddenly accumulated a tenfold deficit. Notably, most of these loans were reportedly granted to cultural rather than economic entities. The Central Bank will naturally have to cover this massive deficit.
These massive financial deficits indicate an expected increase in the money supply (liquidity), which will inevitably lead to inflation and a rise in the exchange rate (currency depreciation).
Higher gas prices mean higher production costs. Increased money supply means higher wages and transportation costs.
In recent weeks, the domestic market for sheets, billets, and sections has been sluggish and lacking vitality. However, the export market has been booming .There was demand for various products originating from both the Eastern and Western borders. The continuation of this strong export trend acts as an incentive for higher prices in the market.
CBI average ex-rate for Steel Products (SANA): Rials 703,133 / 1USD
10 Nov 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM