<strong><br> <span>Billet</span>: Limited supply and the increase in the exchange rate pushed billet prices higher.<br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: Higher billet prices and limited supply supported an increase in rebar prices.<br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: Weaker demand led to a decline in beam prices.<br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: Increased supply from other producers, coupled with weaker demand, put downward pressure on HRC prices.<br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: Weaker demand caused Oxin plate prices to decline.<br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: Supply constraints at some mills led to a modest increase in cold-rolled coil prices. <br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: Market stagnation and weaker demand drove galvanized sheet prices lower.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><br> In the world market: Global demand remains very weak, but prices appear to have reached their floor. Scrap delivered to Turkish ports was traded at $375/t, up $5/t from the previous week, suggesting that the market has likely bottomed out. A similar trend can be observed in the iron ore market.<br> The conflict in the Persian Gulf has pushed oil prices higher, leading to increased freight rates and higher production costs. Production cost has become the key factor supporting prices. Although supply has declined, prices have not moved significantly higher.<br> Steel production fell by 5% in China and 6% in the Persian Gulf last month, reflecting weaker demand. This trend is expected to continue until demand begins to recover.<br> <br> In the domestic market: The new resolution issued by the Iran Mercantile Exchange (IME) has fueled inflationary expectations. The most significant change is that the customs export price has been adopted as the benchmark, while the previous $15/t ex-works deduction has been eliminated.<br> At the same time, limited supply on the IME and expectations of further price increases drove exchange transactions higher. Meanwhile, prices in the spot market edged down slightly due to weak demand amid the economic slowdown and the ongoing conflict. Steel demand remains weak across all sectors, but supply is also constrained. Inventories purchased at lower prices are preventing a stronger price increase; however, given the higher prices of DRI and the IME's new pricing formula, the base price is unlikely to decline.<br> In August, the market will effectively have only 15 working days, so the pace of price increases is expected to accelerate in September. The key drivers of the market will be the geopolitical situation and the exchange rate, which is currently facing strong resistance. The main concern is the potential emergence of hyperinflation, which could leave demand paralyzed as buyers become increasingly uncertain.<br> CBI average ex-rate: Rials 1,517,870/1USD <br> 27th July, 2026 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> Irsteel.com<br> <br> </strong>