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Iran steel market notes

Daily note from actual mill-price moves.

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The board

Prices are live6 h ago

Session of Saturday, September 19, 2026 · with VAT

Median ribbed rebar
95,200
excluding VAT 86,545
Open-market dollar
229,700
Toman
IME bid cover
0.94
demand to supply
Up / down
115/228
products repriced

Where it stands

Median ribbed rebar including VAT, against earlier sessions

Previous session
−1.0%down
96,201
A week ago
−1.9%down
97,000
A month ago
+23.8%up
76,900
Rebar in dollars
377+0.8%up
USD per tonne, excluding VAT

Ribbed rebar index

Median price per kilogram on each trading day, including VAT

95,200Toman

excluding VAT 86,545

▲ 41.7% · 66

68,05477,37586,69696,0172026-062026-072026-072026-082026-092026-09
Low
66,501
excluding VAT 60,455
High
97,570
excluding VAT 88,700
Open
67,200
excluding VAT 61,091
Last
95,200
excluding VAT 86,545

Daily notes

20 notes, Aug 25, 2026 to Sep 19, 2026

Today

Written automatically from this page’s own data

  • Welding electrode4↑ 0↓+10.1%up
  • Hot-rolled sheet (HRC)4↑ 4↓+2.9%up
  • Water pipe11↑ 0↓+2.8%up
  • Sheet A2830↑ 6↓−2.1%down
  • Plain rebar0↑ 10↓−1.6%down
  • Ribbed rebar0↑ 159↓−1.4%down

Median rebar slipped for a second straight session, to 95,200 toman/kg including VAT from 96,201 the previous session, a fall of 1.0 percent. It is 1.9 percent below the level of a week ago but 23.8 percent above a month ago. Breadth was heavily negative, with 115 products up and 228 down, against 4 up and 33 down in the previous session.

What moved it

The currency, not the steel. The free-market dollar rose 0.8 percent to 229,700 toman while rebar fell 1.0 percent, and rebar in dollars came to USD 377/t before VAT against 374 a week ago, so the ex-works dollar level was little changed. At the Iran Mercantile Exchange session three days earlier, demand to supply stood at 0.94 and 64.4 percent of the offer sold, with settlements 2.3 percent above base; rebar 14–20-A3 settled at 85,126 toman/kg before VAT, ex works. Mills sell there and catalogue merchants resell what they bought, so a firm settlement usually shows in counter prices a few days on.

For buyers in the Gulf

The ex-works dollar level is USD 377/t for median rebar and USD 371/t for rebar 14–20-A3, both before VAT. A domestic price falling while the rial weakens leaves the dollar equivalent broadly where it was, so the softer toman print is not a cheaper offer in hard currency. Against the delayed world prints, US Midwest HRC futures at 1237 USD/st and iron ore 62% Fe at 97.57 USD/dmt CFR China leave the Iranian ex-works level well below the flat-steel benchmark.

2 days ago

Written automatically from this page’s own data

  • Angle bar4↑ 0↓+7.9%up
  • Ribbed rebar0↑ 30↓−1.4%down

Median rebar was effectively unchanged from the previous session at 96,201 toman/kg including VAT, holding at the same level for a second session. Against a week ago the median is down 1.4%, while against a month ago it is up 27.2%. Breadth was heavily negative, with 4 products up and 41 down, against 118 up and 167 down the previous session. Ribbed rebar carried the decline, while angle bar was the only category higher.

What moved it

The currency did the work. The free-market dollar fell 1.0% on the session to 227,900 toman and is down 3.4% on the week, so rebar in dollars rose to USD 384/t ex works, before VAT, from 376 a week ago even though the toman price did not move. The most recent Iran Mercantile Exchange session, a day before this report, drew 67 lots from 37 mills with demand to supply at 0.94 and 64.4% of the offer sold; settlements sat 2.3% above base, and rebar 14–20-A3 settled at 85,126 toman/kg, before VAT, ex works, down 0.8% against that good's own previous session. Mills sell on that floor and catalogue merchants resell what they bought there, so a firm settlement tends to show in counter prices a few days on.

For buyers in the Gulf

The ex-works dollar level to price against is USD 384/t for median rebar, before VAT, with rebar 14–20-A3 at USD 374/t ex mill. That dollar figure is higher than a week ago only because the rial strengthened, not because Iranian steel got dearer. Against the delayed world prints, US Midwest HRC futures at 1260 USD/st and iron ore 62% Fe at 97.41 USD/dmt CFR China put the Iranian ex-works level in context.

3 days ago

Written automatically from this page’s own data

  • Wire mesh27↑ 0↓+12.2%up
  • Well casing pipe18↑ 0↓+9.4%up
  • Spiral-welded pipe10↑ 0↓+7.1%up
  • Sandwich panel13↑ 4↓+4.0%up
  • Gas pipe13↑ 0↓+3.7%up
  • Angle bar0↑ 5↓−3.6%down

Median rebar in Tehran slipped for a third consecutive session, easing 0.1% to 96,747 toman/kg including VAT from 96,850 the previous session. The flat day sits inside a firm run: rebar is up 3.4% on the week and 28.1% on the month. Breadth improved sharply, with 92 products up against 74 down, reversing the previous session's 68 up and 122 down.

What moved it

The currency did the work. The free-market dollar eased 0.1% to 230,100 toman, and rebar in dollars, before VAT, rose to USD 382/t ex works from 366 a week ago. The toman softened 1.1% over that week while rebar gained, so the ex-works dollar level is higher, not lower. The Iran Mercantile Exchange session carried no signal: demand to supply at 0.66, 55.7% of the offer sold and settlements at 0.0% above base. Mills sell there and catalogue merchants resell what they bought, so a weak settlement tends to leave counter prices flat a few days on.

For buyers in the Gulf

The ex-works dollar level is USD 382/t before VAT, and the week's gain came from the steel side rather than the rial. Wire mesh and well casing pipe led the domestic board, though one seller re-listing several products accounts for part of that. Against US Midwest HRC futures at 1234 USD/st, the Iranian ex-works level remains well below the world print.

4 days ago

Written automatically from this page’s own data

  • H-beam (HEB)3↑ 0↓+8.8%up
  • Angle bar21↑ 0↓+2.7%up
  • Sheet A2830↑ 8↓−2.6%down
  • Profile Z0↑ 6↓−2.0%down
  • Iranian channel15↑ 0↓+1.1%up
  • Plain rebar7↑ 11↓+0.6%up

Iranian rebar prices slipped for a second consecutive session, with median rebar including VAT at 96,850 toman/kg against 97,000 the previous session, a fall of 0.2%. The decline is shallow against the broader run: the median sits 5.3% above the week-ago level of 92,000 and 28.8% above 75,200 a month ago. Breadth turned negative, with 68 products up and 122 down, reversing the previous session's 157 up and 111 down. Among categories, H-beam averaged 8.8% higher while sheet A283 averaged 2.6% lower.

What moved it

The currency, not the steel market. The free-market dollar fell 1.3% to 230,400 toman while rebar eased 0.2%, and rebar in dollars before VAT edged up to USD 382/t from 377 a week ago, so the ex-works dollar level barely changed. The IME session carried a signal: demand to supply at 1.39 and settlements 5.7% over base, with billet at 66,531 toman/kg before VAT, ex works, down 8.5% on its own previous session.

For buyers in the Gulf

The ex-works dollar level for median rebar is USD 382/t before VAT, essentially flat on the week, so the toman rally has offset the domestic price rise rather than delivered a cheaper dollar offer. Billet at USD 289/t ex mill, before VAT, is the softer print, and mills selling into a 1.39 cover session typically see that reflected in counter prices a few days on.

5 days ago

Written automatically from this page’s own data

  • Industrial profile4↑ 0↓+9.8%up
  • Stainless-steel sheet11↑ 0↓+7.9%up
  • Welded wire mesh11↑ 0↓+5.5%up
  • H-beam (HEB)0↑ 4↓−3.6%down
  • Furniture profile54↑ 0↓+2.5%up
  • Steel deck0↑ 16↓−2.5%down

Iranian domestic steel prices slipped for the first time after one rising session, with the median rebar at 97,000 toman/kg including VAT, down 0.4% from the previous session's 97,400. The fall is shallow against the wider run: rebar sits 6.0% above the Sep 7 level of 91,510 and 29.3% above the Aug 15 level of 75,000. Breadth was still positive on the day at 157 products up against 111 down, a narrower spread than the previous session's 466 up and 74 down.

What moved it

The currency, not the steel. The free-market dollar rose 1.3% to 233,400 toman while rebar in toman eased 0.4%, and rebar in dollars, before VAT, moved from 373 a week ago to 378 today, so the ex-works dollar level barely changed. The IME session carried a signal: settlements ran 5.8% over base, and steel billet (150×150) 5SP settled at 70,778 toman/kg before VAT, ex works, down 2.7% against that good's own previous session. Mills sell there and catalogue merchants resell what they bought, so a strong settlement usually shows in counter prices a few days on.

For buyers in the Gulf

The ex-works dollar level is USD 378/t for median rebar, before VAT, against USD 303/t for billet ex mill. With the rial doing the moving rather than the steel, the toman quote overstates the cost of Iranian material in dollar terms. World prints listed for comparison put US Midwest HRC futures at 1261 USD/st and iron ore 62% Fe futures at 97.55 USD/dmt CFR China.

Weekly note

Week of Sep 12, 2026 to Sep 16, 2026 · change measured on the same products at both ends · with VAT / excluding VAT

  • Wire mesh178,000161,818+13.4%up
  • Rebar tie wire110,000100,000+12.2%up
  • Spiral-welded pipe151,000137,273+7.1%up
  • Well casing pipe152,400138,545+7.0%up
  • Welding electrode306,800278,909+4.9%up
  • Gas pipe157,200142,909+3.6%up
  • Furniture profile201,000182,727+2.5%up
  • Hollow section145,000131,818+2.1%up

The Iranian long-products market moved up across the week, but the pace was slower than the week before and the breadth was uneven. Wire mesh and rebar tie wire led, while the flat and tubular categories that carried the previous week's advance — hollow section among them — cooled to modest gains. The week before had run at 5.0% on median ribbed rebar; this week the same measure closed lower in toman terms, so the direction reversed rather than merely slowed.

The week in dollars

The rial strengthened over the week, from 236,000 to 230,120 toman to the dollar, and that outweighed the toman decline in rebar. Rebar in dollars moved from USD 374/t to USD 380/t ex works, before VAT. A domestic price that falls while the currency firms further is cheaper in dollars, not dearer, and that is the whole of the move here: the ex-works dollar level rose even as the toman quote slipped, which usually means a buyer pricing in dollars is looking at a firmer number than the local tape suggests.

For buyers in the Gulf

The dollar's move, not the steel market, set the week's ex-works level, so the firmer dollar print sits against a softer toman quote. Wire mesh and rebar tie wire were the week's story on the product side, both well ahead of the rest. These are domestic Iranian prices; sea freight, insurance and clearance sit outside this data.

Earlier days

  • Median rebar including VAT rose to 97,400 toman/kg, up 0.4% from 97,000 the previous session — the first rise after 1 falling session, and a move that extends gains of 7.0% on the

  • Median rebar ended a ten-session run of gains, slipping 0.6% to 97,000 toman/kg including VAT from 97,570 the previous session, though it remains 8.9% above the week-ago level and

  • Iranian domestic steel prices extended their advance, with the median rebar including VAT at 97,570 toman/kg against 93,550 toman/kg the previous session, a rise of 4.3 percent. Th

  • Iranian mills and merchants marked the domestic market higher across every category in the day's data, ribbed rebar averaging 2.0% over 234 rises and nine falls, hollow section 2.6

  • Iranian domestic steel prices rose across the categories tracked on Sep 8, led by stainless-steel sheet at an average 16.1% (11 up, 0 down), ahead of Steel Khshkh Hvaii at 15.0% an

  • Iranian mills cleared 122,720 tonnes of steel on the Iran Mercantile Exchange on Sep 7, with 48 lots from 33 mills and 73.2% of the offer sold. Demand ran at 1.69 times supply, and

  • Iranian rebar is quoted at USD 364/t ex works, before VAT, after a session in which domestic prices rose across every category: wire mesh led at an average 8.6% and plain rebar at

  • Iranian billet settled at 71,964 toman/kg before VAT, ex works, on Sep 5 — USD 326/t ex mill, the level Gulf buyers can price against. I-beam 20 cleared at 90,358 toman/kg, or USD

  • Iranian long-product prices rose in every category reported, with the ex-works dollar level at USD 366/t for median rebar before VAT and USD 361/t for rebar 14–20-A3 ex mill, befor

  • Iranian long-product prices rose across every category in the board figures for Sep 2, 2026, led by angle bar at an average 3.0% (16 up, 0 down), with CRC and galvanized sheet at 2

  • Iranian mills cleared almost everything they offered on Sep 1, 2026, and the Iran Mercantile Exchange settled 9.7% above base price on 98.1% of the offer, with demand to supply at

  • Iran's mills cleared 136,850 tonnes in 54 lots from 42 mills on the Iran Mercantile Exchange on Aug 31, with demand at 1.85 times supply and 94.7% of the offer sold, settlements cl

  • The Iran Mercantile Exchange session of Aug 29, 2026 drew 85 lots from 47 mills, 871,904 tonnes, with demand to supply at 0.69 and 55.1% of the offer sold. Settlement cleared 1.9%

  • Iran's mills cleared 73,059 tonnes on the Iran Mercantile Exchange on Aug 26, 2026 — 60 lots from 38 mills, demand at 1.20 times supply. Only 55.8% of the offer sold, and settlemen

  • Iran's mills sold 84.0% of the 98,226 tonnes offered at the Aug 25 Iran Mercantile Exchange session, 48 lots from 24 mills, demand to supply at 1.28. Settlements cleared 4.3% above

End of the archive on this page.