News

Iran Steel Market Trend in Week 25th , 2026

Billet: Expectations of a decline in the exchange rate led to lower exports and weaker demand. This was the main reason behind billet price decrease.

Long Products
Rebar: Lower ex- rate reduced demand and resulted in lower rebar prices.

I-beam: Falling prices encouraged more selling offers, leading to a decline in beam prices.

Flat Products
HRC: Market uncertainty and anticipation caused weaker demand and a decline in HRC prices.

HRP: Lower demand led to a decrease in Oxin steel plate prices.

CRC: Lower ex-rate, combined with retreating demand, was the main factor behind the drop in CRC prices.

HDG: Weaker demand and lower prices for both HRC and CRC were the primary reasons for the decline in HDG prices.

Weekly Analysis:
In the world market: The agreement between Iran and the United States led to a decline in oil prices, freight rates, and insurance costs. As a result, the prices of steel making raw materials fell, followed by a decline in finished steel product prices.
On the demand side, expectations of further price reductions prompted buyers to postpone purchases, leading to weaker market activity. However, since steelmakers' profit margins have already narrowed significantly, the decline in global steel prices was relatively limited.
The world is currently passing through a period of political transition, while at the same time the rapid advances in AI is making the future increasingly uncertain. For now, patience is required, and market participants should closely monitor political developments and policy trends.

In the domestic market: Two key factors have pushed the domestic market into a deep recession.
The first is the banking sector's difficulties, which have effectively disrupted the flow of money throughout the economy. This issue has been compounded by the government's relative silence and lack of decisive action, making the situation even more complicated. While the system demonstrates strong planning and execution in the military sphere, its response in the economic arena has been considerably slower and less effective.
The second factor is the decline in the exchange rate, which has largely brought market activity to a standstill. This development was predictable, but it is unlikely to be sustainable over the long term. A lower exchange rate generally reduces exports while encouraging imports. Under normal circumstances, this would be the natural outcome if foreign trade were operating freely. However, due to strict import controls, demand for foreign currency has fallen to exceptionally low levels. If economic restrictions are eased and external trade barriers are removed, exports across the steel value chain are likely to accelerate, which would stimulate market activity, particularly in the upstream segments of the industry.
No significant market recovery is expected in the coming week, as it coincides with the mourning period of Imam Hussein. Market participants will therefore likely remain on the sidelines. Attention will turn to the following week, when, if banking operations return to normal and the movement of funds improves, signs of recovery may begin to emerge.

CBI average ex-rate: Rials 1,459,610/1USD
22 June, 2026
M.Chitsaz
Iran Steel News Bulletin
IFNAA.IR