<strong><br> <br> <span>Billet</span>: Billet price was downward, driven by two factors: first, the holidays, and second, the decline in the exchange rate, which weakened the market. <br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: Weak demand led to a decline in rebar prices.<br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: Increased supply led to a decline in beam prices.<br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: Increased supply, along with Mobarakeh’s offers on IME and weaker demand, put downward pressure on the HRC market.<br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: Weak demand led to a decline in Oxin Co HRP prices.<br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: CRC prices have reached their floor; therefore, further declines are unlikely, despite weak demand.<br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: The relative stability of HRC and CRC prices kept HDG prices stable.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><br> <span>In the world market</span>: The global market remains quiet, with no clear reason for any significant change. Demand is weak and currently has little potential for growth. The market is currently focused on the Strait of Hormuz issue, oil prices, and continued uncertainty. However, stable iron ore prices are preventing finished steel prices from declining further. The strike in Australia has prompted buyers to continue purchasing iron ore, which is also limiting the potential for further price declines.<br> Steelmakers’ margins have fallen to their lowest levels, and this trend will eventually lead to production cuts.<br> Market conditions are expected to become clearer next month, provided the Strait of Hormuz issue is resolved.<br> <span><br> In the domestic market</span>: Most executives were attending the Arbaeen pilgrimage, so the market entered a wait-and-see mode ahead of several days of holidays. Ex-rate dropped, which further contributed to the suspension of demand. The coming week is also the final week of the month, when liquidity typically slows down. <br> Last week, a private aircraft flew from Dubai to Iran and returned after a short stop, prompting rumors about the transfer of foreign currency or gold. Under current conditions, billet is in strong export demand, with buyers waiting for the holidays to end.<br> The price gap between billet and rebar in the market has narrowed, indicating weak rebar demand and aggressive price competition among mills. Billet offerings on the exchange were not well received, mainly because induction-furnace billet prices have declined.<br> In any case, given the weakness of the global billet market, all eyes are on the exchange rate, as has also been highlighted in previous weeks.<br> <br> CBI average ex-rate: Rials 1,557,375/1USD <br> 17 Aug, 2026 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> Irsteel.com<br> </strong><br>