Billet: With higher currency rate, billet price also increased, then became stable.
Long Products
Rebar: Higher billet price and currency rate made rebar price upward.
I-beam: I-beam price increased by beginning of the week, then it was controlled by the market leader.
Flat Products
HRC: Ex-rate fluctuations and rumors about the base price at IME ( Iran Mercantile Exchange), made HRC price upward.
HRP: Increasing slab price and supply controls, improved Oxin co HRP level.
CRC: CRC price is at the highest level possible and consumers can’t afford more increases.
HDG: Higher HRC price made HDG level also upward.
Weekly Analysis:
In the world market: In global market, prices are at the bottom. Meanwhile, transportation level is the main player. Therefore, crude oil price level would be the main factor behind steel price level in the near future.
With USA plans for Venezuela, crude oil price would drop to lower than USD 61/ barrel. Venezuela increasing oil production level will take some time but crude oil market future sentiment is negative which would have pressure on prices.
In the domestic market: Domestic market was affected by two factors of currency rate and domestic tensions which made transaction levels lower. In this situation, export level would rise and import level would be downward. Therefore, currency availability at the second hall would rise.
Iran market needs stable politic situation as the tensions has made investors more cautious and would decrease demand level. When the situation become stable, demand level will increase and prices will change.
CBI average ex-rate for Steel Products : Rials 1,286,478 / 1USD
12 Jan, 2026
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM