Iran: Billet, rebar prices show mixed trends; mills brace for supply constraints

• Iran's billet prices held steady at 378,500 rial/kg ($900/t), while rebar fell by 8,000 rial/kg ($19/t) to 407,000 rial/kg ($968/t).
• Mills are likely to restrict raw material supply or extend credit-based sales to manage liquidity, keeping near-term availability tight.
• With the rial continuing to weaken, buying activity may persist for cost-averaging purposes, though upcoming gas shortages from mid-Nov could add fresh pressure on production and prices.