As of November, steel markets in the MENA region are showing noticeable price divergences due to supply constraints, logistics dynamics, and local demand pressures. Billet prices in the region are trading in the range of USD 400–500/ton, while rebar prices are at USD 410–703/ton. The highest prices are seen in markets such as Yemen and Northern Iraq, where conflict persists or import dependency is high.
Domestic protection policies in Algeria create a premium of approximately 35–40% over FOB export equivalents, while Iran maintains its position as the region’s most competitive producer, supported by the depreciation of its local currency and subsidized energy, offering billets in the USD 400–410/ton FOB range. In the Gulf region, billet prices remain largely stable; in Saudi Arabia and the UAE, prices are at USD 474–485 EXW, GCC replacement costs are USD 490–500, and Oman mills are at USD 500 FOB. Meanwhile, Egypt and Tunisia import billets at USD 465–470 CFR, with Iran setting the regional reference point at a USD 400–410 FOB base price. This results in Iranian billets being valued at approximately USD 440–450 CFR.
Rebar prices also show significant variation. In the UAE, rebar trades at USD 570 EXW; in Egypt, USD 530–540 FOB; and in Jordan (Jordan Steel), USD 562–565 EXW/FOB. In Iraq, prices range from USD 625–678 EXW, with the highest levels applied by Van Steel and FF Steel. In Algeria, domestic rebar prices remain high at DZD 109,700 (USD 841 including VAT, USD 706 excluding VAT), while export prices are around USD 542 FOB. Yemen is heavily reliant on Turkish supply; Turkish-origin rebar for the region trades at USD 684–703, while the country’s local EXW price is recorded at USD 663.
A similar pattern is observed in the wire rod and angles market. In Algeria, domestic wire rod trade at DZD 111,700 (USD 856 including VAT, USD 720 excluding VAT), with export prices set at USD 548 FOB. Iran offers wire rod at USD 548 FOB, selling to Jebel Ali at CIF USD 480 and to Mersin at CPT USD 490–495. In Oman, Arabian Star LLC’s angle offers stand at USD 721 EXW. Iranian-origin pellets, a key element in the regional cost structure, trade at USD 85–102 FOB, supporting the competitiveness of DRI-based production routes and playing a decisive role in suppressing billet costs across the MENA region.
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