Iran: Billet, rebar prices edge up amid political uncertainty, tight supply

• Iran's billet prices rose by 2,000 rial/kg ($1/t) to 453,000 rial/kg ($333/t) on 11 Feb'26 from 9 Feb, while rebar prices increased by 5,000 rial/kg ($4/t) to 605,000 rial/kg ($444/t).
• Political tensions and currency volatility triggered precautionary buying, supporting slight price gains despite weak underlying demand and holiday-related market closure.
• Limited slab supply and widening exchange-open market gaps helped raise billet and rebar prices despite cautious, liquidity-driven trading.