<strong><br> <br> <span>Billet</span>: Thanks to the rise in the exchange rate, billet prices followed an upward trend. <br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: Higher currency rate drove rebar prices higher. <br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: The rise in the exchange rate stimulated demand, leading to an increase in I-beam prices. <br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: The delayed supply from Mobarakeh, coupled with the rise in the currency rate, pushed HRC prices higher. <br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: The rise in the exchange rate drove slab prices higher, followed by an increase in Oxin steel HRP prices. <br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: The increase in ex-rate and HRC prices pushed cold-rolled coil prices higher. <br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: Like CRC, HDG prices increased under the combined impact of the exchange rate and rising hot- and cold-rolled coil prices.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><br> <span>In the world market</span>: Oil prices edged up slightly this week, while iron ore remained firm. As a result, finished steel prices have not declined. Black Sea billet remained stable at $465/t FOB, while Turkish rebar prices increased to $595/t FOB. If billet prices continue to hold firm, rebar prices are likely to maintain their upward trend. In China, iron ore prices increased, while billet prices were heard at around $448/t. Steelmakers’ margins remain limited, but with little expectation of a decline in iron ore prices, there is limited room for steel prices to fall.<br> The Strait of Hormuz issue continues to weigh on the global economy, with market participants increasingly focused on oil prices. There is no doubt that oil, as a key commodity, has a direct impact on global employment, production and inflation. However, another important factor is the demand generated by oil revenues. Gulf countries had been exporting around 20 million barrels of oil per day, along with gas volumes equivalent to roughly two-thirds of that amount. Revenues from these exports were subsequently channeled into consumption and investment.<br> With oil and gas exports disrupted, however, these countries are no longer making the heavy imports they previously did. This has resulted in job losses and lower production in countries that supplied goods to the Gulf region. Millions of foreign workers employed in these countries have also lost their jobs, reducing remittance and import-related income in their home countries, including Pakistan, India, Bangladesh, Vietnam and others. If these conditions persist for six months, they could push the global economy into recession.<br> The issue is no longer simply about Iran, Israel or the United States. According to the International Monetary Fund (IMF), the UAE’s economy has entered a period of recession and a trade deficit. A similar development was reported in Qatar last month, where the country has reportedly been purchasing gas from other countries to meet its commitments to buyers. Saudi Arabia has temporarily halted its NEOM project, and similar developments could soon emerge from Kuwait.<br> Iran is not an isolated economy and will inevitably be affected by this downturn. In the global steel market, higher oil prices have already affected raw-material costs and freight rates. This is another factor supporting iron ore prices and limiting the downside for iron ore in the near term.<span><br> <br> In the domestic market</span>: The effects of the price suppression during the first six months of the year have now become evident. The conflict in the Persian Gulf pushed the exchange rate higher, and the market, which had been waiting for a catalyst to break out of the price suppression, reacted quickly, with prices rising by an average of 8–12%.<br> Normally, under such circumstances, the market becomes stagnant, as inventories purchased earlier tend to slow the pace of price increases. Therefore, the market should remain relatively calm in the coming week. However, it is not supply and demand that are determining prices at this point; rather, political developments are driving the market trend.<br> It is reportedly expected that the Central Bank will further tighten its monetary policy, which would add to the economic slowdown. The increase in rebar prices, together with the resolution of electricity and gas supply problems, is likely to boost demand for billet and slab among downstream producers. Ultimately, however, constrained demand due to sanctions will prevent the market from gaining significant momentum.<br> In any case, the steel market remains heavily influenced by the exchange rate. However, further price increases would likely deepen the stagnation in the market.<br> CBI average ex-rate: Rials 1,614,668/1USD <br> 07 Sep, 2026 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> Irsteel.com<br> <br> </strong><br>