Billet: Billet market was quiet and unchanged, primarily due to the banks closures because of air polution.
Long Products
Rebar: Rebar market was also effectively closed and without change.
I-beam: The market closure due to air pollution had its effect, causing a decrease in the price of I-beams too.
Flat Products
HRC: The HRC average price remained stable due to Mobarakeh steel co's pricing policies.
HRP: The rise in slab prices and the supply restrictions resulting from the market closure caused an increase in the price of Oxin co HRP price.
CRC: CRC price increased due to a lack of supply.
HDG: The supply constraints and the increase in HRC price led to a rise in the price of HDG.
Weekly Analysis:
In the world market: There have been no significant changes in global markets; demand is quiet across all sectors.
It was expected that the increased iron ore supply from Guinea would pull down the iron ore market. However, the recent coup in that country has temporarily disrupted everything.
Scarp price has remained stable. This is attributed to the current cold season, and a price reduction is unlikely anytime soon as we are nearing the year-end.
The only potentially impactful factor is a serious possibility of a drop in oil prices, which would affect freight and production costs. Currently, there is no sign of the typical year-end activity. The global market requires a serious shake-up, and this spark might originate from Ukraine or the US stock market.
In the domestic market: In the domestic market, the key macroeconomic news was the October inflation statistics, which showed an increase of nearly 50% compared to October of the previous year. Other significant factors include the rise in gasoline prices, which suggests a government budget deficit, and the increase in the rate of government debt bonds.
We should anticipate an increase in inflation stemming from the higher gasoline prices and a recession caused by the rising interest rate on these bonds.
The steel market was practically closed last week. The first two days were taken up by the Metafo Exhibition, and the following three days were market and bank closures due to air polution, leading to a halt in transactions.
The main critical issue remains the suspension of steel exports, which is still undetermined. Some rumors suggest that only purchases made through the steel export ring will be eligible for export permits, or that permits will only be given to the steel mills themselves (which is logical). However, this is still unconfirmed. Regardless, with the year-end approaching, mills need to finalize their orders. Therefore, this export uncertainty is detrimental to production.
The factors that will determine prices in the coming days are the foreign exchange rate and whether air pollution will permit market activity.
CBI average ex-rate for Steel Products (SANA): Rials 709,560 / 1USD
01 Dec 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM