Steel on the Iran Mercantile Exchange
Physical Steel trades on the Iran Mercantile Exchange: 198 distinct goods and 12 sellers across 5 years of archive. Prices are session settlements in Toman per kilogram, ex-works at the mill warehouse, before VAT and freight.
Latest official session
Session of 9/16/26. Every figure on this page is read from that official record.
Volume-weighted settlement
91,821Toman / kg
▼ 36.1% versus the session of 9/15/26
Tonnage traded
109,962t
67 × goods · 37 × mill
Demand to supply
0.94×
Share of supply sold: 64.4%
Over base price
+2.3%
Value traded: 10,097 bn Toman
Benchmark goods
The most-traded good in each family over the trailing year, priced at the last session that good actually traded in.
| Goods | Session | Settlement | vs previous session | vs a month earlier | Demand to supply |
|---|---|---|---|---|---|
| Wire rodSteel wire rod 16-A1 | 9/12/26 | 94,720$411.33 | ▲ 21.8% | ▲ 27.0% | 2.23 |
| RebarRebar 14–20-A3 | 9/16/26 | 85,126$369.67 | ▼ 0.8% | ▲ 21.3% | 1.65 |
| I-beam and H-beamI-beam 14–18 | 9/15/26 | 78,106$339.19 | ▲ 0.6% | ▲ 13.0% | 1.42 |
| SheetHot-rolled steel sheet HR | 9/13/26 | 111,330$483.46 | ▲ 28.0% | ▲ 28.0% | 1.09 |
| Angle and channelSteel channel 8 | 9/15/26 | 93,318$405.25 | ▲ 4.9% | ▲ 27.7% | 1.47 |
Price trend
Monthly volume-weighted settlement of “Steel billet (150×150)5SP” — this group’s benchmark good, not an average across different products.
68,794Toman / kg
▲ 10.7% vs previous month
▲ 121.6% vs the same month last year
- Low
- 11,205
- High
- 68,794
- Open
- 11,205
- Last
- 68,794
Exchange against the open market
The exchange settlement beside the median open-market price of the same days. Both exclude VAT so the comparison is like for like.
Settlement
85,126Toman / kg
9/16/26
price on the open market
87,455Toman / kg
9/16/26
Exchange against the open market
+2.7%
The open market is 2.7% above the exchange — “میلگرد 14تا20-A3” in the session of 9/16/26 against the market median of 9/16/26.
Goods in this group
198 goods traded in the past year, by tonnage. Each price is that good’s settlement in the last session it traded in, with the date beside it.
Monthly trend for Rebar 14–20-A3
Close chart- Low
- 13,387
- High
- 81,274
- Open
- 15,893
- Last
- 81,274
no trade for over 21 days
| Steel billet (150×150)5SP | 9/15/26 | 66,531 | ▼ 6.0% | 4,091,155 | 1 |
| Rebar 14–20-A3 | 9/16/26 | 85,126 | ▼ 0.8% | 1,774,226 | 18 |
| Steel slab C | 9/16/26 | 77,600 | ▼ 0.2% | 1,561,860 | 4 |
| Hot-rolled steel sheet HR | 9/13/26 | 111,330 | ▲ 28.0% | 1,398,210 | 1 |
| Steel billet (150×150)3SP | 9/15/26 | 66,531 | ▼ 8.5% | 1,271,810 | 1 |
| Hot-rolled steel sheet | 8/15/26 | 87,000 | ▲ 2.4% | 437,800 | 1 |
| Galvanized sheet G | 9/15/26 | 166,613 | ▲ 2.1% | 425,400 | 5 |
| Hot-rolled steel sheet | 9/16/26 | 100,771 | ▼ 0.4% | 346,462 | 6 |
| Steel billet (150×150)4SP | 8/22/26 | 63,300 | ▲ 3.2% | 291,975 | 1 |
| Cold-rolled steel sheet | 8/15/26 | 107,091 | ▲ 7.7% | 268,950 | 1 |
| Hot-rolled steel sheet | 8/15/26 | 87,000 | ▲ 2.4% | 268,180 | 1 |
| Cold-rolled steel sheet B | 9/16/26 | 136,773 | 0 | 236,000 | 1 |
| Steel billet (150×150) RST34-2 | 9/12/26 | 75,699 | ▲ 7.2% | 216,875 | 4 |
| Rebar 22–32-A3 | 9/16/26 | 84,862 | ▼ 2.8% | 183,691 | 5 |
Supply and demand
Registered demand divided by supply, month by month. Above 1 means buyers competed for more than was offered. Each offer counts once, even when it settled at several prices.
1.41× this month against a 1.11× average over the previous 6 months — more competition than usual.
| Month | Supply (t) | Demand (t) | Demand to supply | Share of supply sold |
|---|---|---|---|---|
| Aug 2026 | 1,837,966 | 2,583,585 | 1.41 | 76.2% |
| Jul 2026 | 1,624,445 | 1,590,372 | 0.98 | 60.1% |
| Jun 2026 | 1,720,197 | 1,980,263 | 1.15 | 55.9% |
| May 2026 | 1,818,120 | 1,551,896 | 0.85 | 44.7% |
| Apr 2026 | 1,625,326 | 2,777,023 | 1.71 | 76.7% |
| Mar 2026 | 1,111,997 | 1,683,217 | 1.51 | 60.4% |
| Feb 2026 | 1,934,584 | 890,552 | 0.46 | 28.8% |
| Jan 2026 | 2,245,468 | 1,313,746 | 0.59 | 32.9% |
| Dec 2025 | 2,293,692 | 1,897,150 | 0.83 | 45.8% |
| Nov 2025 | 2,834,330 | 4,105,836 | 1.45 | 78.6% |
| Oct 2025 | 1,967,352 | 3,050,779 | 1.55 | 70.8% |
| Sept 2025 | 2,570,411 | 3,748,660 | 1.46 | 72.1% |
Seasonal pattern
Average month-on-month change in “Steel billet (150×150)5SP” across complete archive years. Measuring change month to month leaves annual inflation out of the figure by construction, so what remains is the month’s own behaviour.
- Farvardin1.4%4 years
- Ordibehesht3.4%5 years
- Khordad0.5%5 years
- Tir0.4%5 years
- Mordad0.5%5 years
- Shahrivar0.5%5 years
- Mehr0.1%5 years
- Aban2.4%5 years
- Azar1.1%5 years
- Dey5.8%5 years
- Bahman8.4%5 years
- Esfand8.9%5 years
Largest sellers
By tonnage actually traded over the past 12 months. Each mill’s price is its own latest session, not a multi-year average.
| Mill | Tonnage, 1 year | Share | Last session traded | Settlement |
|---|---|---|---|---|
| Mobarakeh Steel Company | 2,994,150 | 18.6% | 9/16/26 | 186,508 |
| Khuzestan Steel Company | 1,448,775 | 9.0% | 9/16/26 | 77,600 |
| Company Mdni Vsnti Chadrmlv | 998,625 | 6.2% | 9/14/26 | 69,104 |
| Esfahan Steel Company | 833,680 | 5.2% | 9/16/26 | 79,722 |
| Steel Kavh Jnvb Kish | 812,415 | 5.1% | 9/15/26 | 66,531 |
| Complex Steel Khrasan | 790,300 | 4.9% | 9/16/26 | 83,032 |
| Iron V Steel Arf | 727,395 | 4.5% | 9/14/26 | 69,617 |
| Sirjan (market label) | 636,445 | 4.0% | 9/16/26 | 86,991 |
| Industries Steel Aliazhi Pasargad (Complex Snti Steelmaking Pasargad) | 587,975 | 3.7% | 9/14/26 | 72,322 |
| Sirjan (market label) | 484,100 | 3.0% | 9/14/26 | 75,011 |
| Steel Ghdir Ni Riz | 482,275 | 3.0% | 9/14/26 | 71,840 |
| Steel Hrmzgan Jnvb | 405,620 | 2.5% | 9/16/26 | 77,600 |
How to read this page
The exchange publishes Rial per kilogram; only the currency is converted here, to Toman per kilogram. VAT, fees and freight are not added.
These are session trades, not a live tick. Each good trades in its own session, so “previous session” means that good’s own previous session, not yesterday.
Every average is weighted by tonnage: a 5,000-tonne lot and a 25-tonne lot do not move the figure equally.
The seasonal pattern and the demand-to-supply ratio describe past behaviour. Neither is a price forecast.
Official data source: Iran Mercantile Exchange
Latest session available: 9/16/26
Last successful fetch: 9/16/26