Billet: Government and commodity exchange pressure to maintain the pricing method and ensure supply exceeds demand led to a reduction in billet prices.
Long Products
Rebar: Very weak demand, coupled with a confusing policy for the mills, kept the rebar price at its lowest level.
I-beam: Weak demand was the main factor behind the reduction in I-beam prices.
Flat Products
HRC: The price of 2mm HRC from Mobarakeh was 489,000 Rials on Saturday and reached 500,000 Rials by Wednesday. The price has hit its floor; Mobarakeh’s movements have no impact on the stagnant market, but the demand and price trend will change with the potential increase in pipe and profile exports.
HRP: Supply management stabilized the Oxin Co HRP market; there is no serious demand in the market.
CRC: A reduction in supply, along with commodity exports (which increased demand), caused a rise in CRC prices.
HDG: The stability of HRC prices, coupled with a drop in the currency exchange rate, kept the HDG market sluggish.
Weekly Analysis:
In the world market: No major event has occurred in the world markets. Oil continues to fluctuate around $63 per barrel. Iron ore delivered to Chinese ports saw slight fluctuations, reaching around $106 per ton. Scrap price showed no significant change and was traded at $352 CFR Turkish ports. Billet FOB Black Sea remained stable, trading at $437 per ton. Slab increased by $5 to reach $425 per ton. HRC FOB Chinese ports dropped by up to $1, trading at $462 per ton. Rebar FOB Turkish ports dropped by $5, trading at $545 per ton.
There is no news of new demand, but the Syrian market appears to be becoming active, and demand from Turkey is gaining strength. If this trend continues, we should see improved conditions in the steel market in the coming months. Some Arab traders have shown significant interest in Iranian billet for the Syrian market in recent weeks.
The UAE, Turkey, and Europe are working to prevent Chinese dumping in their respective markets. Meanwhile, the Chinese are attempting to secure cheap iron ore from Guinea to maintain their competitiveness. It seems unlikely that any major event will occur before the end of the current calendar year, and the price range will remain at this level.
In the domestic market: The government continues to insist on maintaining its formula for offer at exchange market ( IME). Large mills like Mobarakeh have incurred losses in the first six months of the year, meaning the result will be the same as what was observed in the last quarter of last year. Apart from this, the confusion among rolling mills has caused their exchange supplies to reach a minimum, but despite the reduced supply, there has been no serious price change in the market due to the recession.
However, this is only the beginning of the story: continuing to not supply at IME poses two risks for the rolling mills.
1. Accepting lower sales and production, which means accepting the risk of liquidity issues and debt deferrals.
2. The possibility of facing disciplinary action , which means fines reaching hundreds of billions [of Rials].
In any case, this trend cannot continue in the coming weeks, as its consequences might be acceptable for private companies, but state-owned companies, cannot accept this risk.
CBI average ex-rate for Steel Products (SANA): Rials 698,679 / 1USD
27 Oct 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM