Iran: Billet prices ease on holiday lull, rebar steady amid cautious sentiment

• Iran's billet prices fell by 9,000 rials/kg ($8/t) to 461,000 rials/kg ($399/t) on 4 Feb'26, while rebar prices remained unchanged at 600,000 rials/kg ($519/t)
• Billet prices dipped on holiday-thinned trade and cautious buying, with thin spot activity prompting a mild correction despite firm cost support.
• Rebar prices stayed flat as exchange restrictions and cautious sentiment limited trade, while firm cost support helped cap downside.