Billet: Billet market was quiet, experiencing only a slight tremor over the weekend driven by currency fluctuations.
Long Products
Rebar: Low demand prevented any rise in rebar price. The only movement seen was a slight effect from the rising currency over the weekend.
I-beam: Beam market has limited room for more price changes.
Flat Products
HRC: In HRC market, the downward price trend reversed thanks to supply constraints and the increasing currency rate.
HRP: The price fluctuation for Oxin co HRP market is also limited to the currency market trend. Substitute goods have captured a portion of this product's market share.
CRC: CRC market is highly sensitive. Supply from Mobarakeh Steel co and the currency rate are exerting a strong influence. Furthermore, issues with transport and invoicing have compounded the problem.
HDG: Due to falling demand and HRC market stagnation, HDG price declined.
Weekly Analysis:
In the world market: The global market is currently in a Christmas environment, resulting in highly limited trading volume and stable prices. However, the Venezuela issue suggests potential tensions early in 2026.
Opec oil price rose by USD 2 / barrel to USD 61. Iron ore dropped a little by USD1/mt to USD 107.3/mt CFR China. Scrap import price in Turkey increased by USD 1.5/mt to USD 369.5. Billet and slab prices were stable at USD 434 and USD 415/mt respectively FOB black sea.
In finished products market, rebar fob China was USD 460/mt and fob Turkey USD 560/mt both unchanged. Fob Black sea HRC dropped by USD 15 to USD 435/mt.
Market should wait for New Year activities for further clarification.
In the domestic market: The domestic market is currently in a recession driven by weak demand. Flat products have risen beyond the purchasing power of consumers. Profile manufacturers face a dual challenge: poor sales and working capital issues. Long products are also struggling with sales due to the demand problem. The market as a whole is grappling with a severe lack of liquidity.
The budget for the next fiscal year was submitted to the Parliament last week.
• Despite negative economic growth, taxes and government expenditures are showing an upward trend.
• A significant reduction has been proposed for oil exports and their projected price.
• The effects of a budget proposal are typically observed in the market two weeks after its submission.
The budget is expected to split the steel market into two segments:
1. Small mills: Will likely be forced to shut down due to liquidity issues and lack of sales.
2. Integrated Producers: Mills that possess the full steel production chain (from raw materials to final product) and also export will likely benefit from the changes.
By the end of the next year, there might be no significant news or strong performance from major players like Esfahan Steel Company. Conversely, other mills are expected to peak and thrive in their place.
In the coming weeks, exports will slow down due to international market holidays, which will consequently lead to an increase in the currency exchange rate.
CBI average ex-rate for Steel Products (SANA): Rials 817,726 / 1USD
29 Dec 2025
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR
IRSTEEL.COM