Billet: Billet prices showed limited fluctuation. The increase in DRI prices prevented any price decline, despite weak billet demand.
Long Products
Rebar: Only the rise in the exchange rate led to an improvement in rebar prices, although demand remained weak.
I-beam: Beam prices have reached their floor, and with demand also weak, no significant price change is expected.
Flat Products
HRC: Hot-rolled coil prices have reached their ceiling, and the market is going through its final active weeks; therefore, market-making efforts are no longer effective.
HRP: Only exchange rate fluctuations had a limited impact on this market.
CRC: With declining demand, CRC price is gradually showing a downward trend.
HDG: The relative stability of HRC helped maintain balance in HDG market.
Weekly Analysis:
In the world market: OPEC oil prices, after falling by $2, turned upward again and reached around $66.65, showing no significant change compared to the previous week, despite ongoing tensions between Iran and the United States.
Billet prices remained at $440 FOB Black Sea, while scrap was recorded at $376 with less than a $2 decline, and iron ore fell by $4 to $100.3 CFR Chinese ports.
Hot-rolled coil was traded at $460 FOB Black Sea and $470 FOB China, while rebar was traded at $469 FOB China. With less than two weeks remaining until the Chinese New Year holidays, Chinese buyers typically make purchases during this period; naturally, prices do not tend to decline. However, the market is highly complex and ambiguous.
The political environment is influenced by the unpredictable behavior of Trump and the emergence of a new global order. As a result, demand retreats and, consequently, supply also decreases.
We must wait for the dust to settle in Ukraine, Gaza, and the Persian Gulf. Undoubtedly, the market will be very vibrant afterward, but this revival will not materialize in 2026.
Long-term date forecasts often do not unfold as expected, as other variables may affect the equation over time. At the very least, China’s behavior in response to the new circumstances must be considered. Most importantly, there is China’s plan to strengthen the yuan and expand its role in international settlements.
In the domestic market: Demand has fallen to its minimum level, but a precautionary mindset has led to continued purchases under the policy of converting cash into goods.
The Commodity Exchange’s method of tying domestic prices to export rates has no scientific basis and has proven ineffective. The policy of restricting demand on the exchange has pushed many mills, in need of liquidity, to sell outside the exchange market, even though they were previously fully committed to offering their products through it. This approach is widening the gap between the exchange and the open market.
No major price changes are expected in the coming week. Traditionally, officials are preoccupied with preparations for the February 11 events ( 47th Anniversery of the Iranian revolution), banks have adopted a strict contractionary approach, and the market is overshadowed by political uncertainty. Although slab supply has become very limited, there is no strong demand for flat products, and the latest offering by Mobarakeh Steel was met with a cold reception.
Under current condition, everything is overshadowed by politics. This environment calls for maximum caution, preservation of liquidity, and inventory management.
CBI average ex-rate for Steel Products : Rials 1,349,697 / 1USD
09 Feb, 2026
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM