Iran: Billet, rebar prices remain range-bound amid weak demand

• Irans billet prices held at 343,500 rial/kg, rising by 2,000 rial/kg on 3 Sep'25, while rebar stood at 383,000 rial/kg, inching down by 2,000 rial/kg.
• Market sentiment was dominated by weak demand and political uncertainty, which lifted the exchange rate and fuelled capital flight concerns.
• Steel prices are unlikely to fall due to cost pressures amid persistent power shortages. Gas-based generators are also set to struggle in winter.