<strong><br> <br> <span>Billet</span>: Exchange rate volatility and market concerns over future price trends pushed billet prices higher.<br> <img src="" alt="بیلت" class="center-block img-responsive"> <br> <span>Long Products</span><br> <span>Rebar</span>: The rise in the exchange rate and producers’ market-making efforts drove rebar prices higher.<br> <img src="" alt="میلگرد" class="center-block img-responsive"> <br> <span>I-beam</span>: The I-beam market remained relatively stable. Despite exchange rate fluctuations, product availability limited the price range. <br> <img src="" alt="تیر آهن" class="center-block img-responsive"> <br> <span>Flat Products</span><br> <span>HRC</span>: Mobarakeh Steel co’s market-making activity on the exchange, along with exchange rate movements, slightly improved HRC price.<br> <img src="" alt="ورق سیاه" class="center-block img-responsive"> <br> <span>HRP</span>: Higher slab prices pushed Oxin plate prices higher.<br> <img src="" alt="اکسین" class="center-block img-responsive"> <br> <span>CRC</span>: Demand for this product has started to pick up, while exchange rate movements also triggered an increase in cold-rolled coil prices. <br> <img src="" alt="روغنی" class="center-block img-responsive"> <br> <span>HDG</span>: Higher HRC prices and the rise in the exchange rate supported an improvement in HDG prices.<br> <img src="" alt="گالوانیزه" class="center-block img-responsive"> <br> <span>Weekly Analysis:</span><span><br> In the world market</span>: Iron ore prices have risen due to higher oil prices and freight costs, which has also driven up pellet and billet prices. Black Sea billet prices have stabilized at $465/t FOB, while Turkish rebar has reached $600/t FOB. However, global demand remains weak, and steelmakers’ profit margins have narrowed. As a result, some Chinese steel mills are considering production cuts. Despite weak demand, lower prices are difficult to sustain due to rising production costs. The conflict around the Strait of Hormuz has extended to the Bab el-Mandeb Strait, increasing uncertainty and prompting buyers to step back and adopt a more cautious approach.<br> This situation is likely to continue until the Iran-US issue is resolved, although its duration will depend on how resilient the markets prove to be. Saudi Arabia is seeking loans from international markets, as is the UAE. US bond yields have reached their highest levels, while diesel prices in the US have risen to their highest level in 20 years. Taken together, these factors could lead to a recession, as weaker demand would result in higher unemployment. Thousands of people have already lost their jobs in the Gulf states and the Far East. This vicious cycle of poverty and economic stagnation could further deepen the slowdown and intensify concerns about the future of the market.<br> <span><br> In the domestic market</span>: The domestic market went through a volatile week. While a slowdown had been expected, the conflict in the Persian Gulf and the rise in the exchange rate triggered a sharp price surge. Rebar prices increased by nearly IRR 60,000/kg, billet prices by up to IRR 40,000/kg, and some flat steel products by as much as IRR 100,000/kg, despite no significant change in demand. Warehouses are already stocked with rebar purchased at around IRR 800,000/kg; the increase in buying was driven mainly by fear of being left behind by further price rises. If demand remains at its current level, the market will inevitably become quieter and prices will decline.<br> Factors that could push prices higher:<br> • A further rise in the exchange rate, driven by political developments. <br> • Higher export-driven demand. Given the Metalex exhibition in Istanbul, there is a possibility of increased foreign orders. <br> • Reduced supply due to infrastructure constraints, particularly restrictions on gas supplies. <br> Any price decline will be driven mainly by weaker demand. Low-priced orders are still sitting in warehouses because prices rose so rapidly. In any case, the market needs a period of calm to regain balance. The global slowdown may provide this opportunity, but the price gap between Iranian products and those of competing suppliers is significant, which could encourage exports—provided foreign buyers do not pull back due to concerns over sanctions.<br> <br> CBI average ex-rate: Rials 1,643,951/1USD <br> 14 Sep, 2026 <br> M.Chitsaz<br> Iran Steel News Bulletin<br> IFNAA.IR<br> Irsteel.com<br> <br> </strong><br>