Iran: Billet, rebar prices rise

• Iranian billet prices rose by 10,000 rial/kg ($24/t) against 01 Dec'25 at 375,000 rial/kg ($890/t), while rebar rose 35,000 rial/kg ($83/t) to 480,000 rial/kg ($1,140/t).
• Inflation surged nearly 50% y-o-y, highlighting mounting macroeconomic pressure.
• Rising gasoline prices and higher government bond rates hint at a widening fiscal deficit and increasing financial strain on the domestic economy.