Iran: Billet rises on tight supply, rebar slips amid weak construction demand
- Iran's billet prices rose by 10,000 rial/kg ($7/t) to 463,000 rial/kg ($339/t) on 16 Feb'26 from 11 Feb, while rebar prices decreased by 5,000 rial/kg ($4/t) to 600,000 rial/kg ($440/t).
- Reduced production and export volumes, alongside pellet scarcity and DRI base prices at Rials 240,000/kg ($176/t), lifted billet costs, while weak construction activity capped rebar demand.
- Uncertain exchange-rate dynamics and tight producer liquidity supported billet prices, but limited infrastructure spending and subdued domestic consumption pressured rebar values.