<strong><br> <span>Billet</span>: Billet price edged up slightly due to supply constraints, while demand remains dependent on the rebar market.<br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: The rebar market has reached a critical point, with demand remaining limited. Unless prices decline, tighter supply could trigger a significant price surge.<br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: Exchange rate fluctuations led to changes in I-beam prices, while market activity remained sluggish.<br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: HRC market fluctuated in response to exchange rate movements, while higher slab prices also contributed to the price changes. <br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: Higher slab prices drove up Oxin plate prices.<br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: Supply constraints pushed CRC prices higher.<br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: Higher HRC prices, combined with limited CRC supply, drove up galvanized coil prices.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><br> <span>In the world market</span>: Global markets remain sluggish. Iron ore prices have stayed relatively stable at around $90/mt, but demand remains weak. Billet and scrap prices have also seen limited volatility. Tensions in Europe and the economic slowdown in the Persian Gulf countries are gradually spreading to the Far East.<br> China's monthly exports have increased by $130 billion, but this growth is largely attributable to inflation in the US. This trend is unlikely to continue in October and November as the economic slowdown spreads to other regions. The continued closure of the Strait of Hormuz is making the world increasingly aware of Iran's strategic importance. A continuation of the current situation could trigger a global crisis.<br> <span><br> In the domestic market</span>: The Iranian market is being influenced by two opposing factors. On the one hand, domestic demand is constrained by a slowdown in construction activity, while exports have declined due to sluggish demand in regional markets.<br> On the other hand, supply is falling for two reasons: constraints imposed by the commodity exchange and gas supply problems. As a result, a price decline appears unlikely. Lower production volumes and rising production costs are pushing up finished product prices.<br> Most market participants expect prices and trading activity to come to a standstill.<br> Market attention is increasingly focused on political developments, reflecting the market's heightened sensitivity. Exchange rate movements are the main indicator of this sensitivity, making the market particularly vigilant about currency fluctuations.<br> In the coming weeks, HRC prices are likely to increase, while higher billet prices will also put upward pressure on long steel products.<br> <br> CBI average ex-rate: Rials 1,879,158/1USD <br> 02 Nov, 2026 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> Irsteel.com<br> <br> </strong>