Iran: Steel billet prices remain steady despite weak demand
- Irans billet price held steady at 325,500 rial/kg, and rebar price dropped by 5,000 rial/kg to 380,000 rial/kg on 11 Aug'25.
- Persistent power and water shortages, along with expected severe gas shortage, are keeping production low.
- Weak demand is helping curb inflation, but halted bank lending and a restrictive "command economy" are further pressuring industrial output.