Iran's exports of rebar reached a value of $490-510 last week, with a $5 per ton decrease compared to the previous week ending on February 14. Despite ongoing challenges such as gas restrictions and exchange rate fluctuations, Iranian rebar exporters remain stable.
Iranian rebar exporters are offering their products in smaller quantities. They have experienced increased demand from Iraq and Central Asia, but the Turkish market remains largely unavailable due to the effects of an earthquake. Additionally, barley production has been impacted by gas cuts, leading to a higher increase in the export price of barley compared to millet.
Last week, Iranian rebar prices were offered by producers and traders in the range of $490 to $510 per ton, showing a slight decline compared to the previous week's range of $490 to $520 per ton. Mills producing lower quality steel may offer rebar scale at a slightly lower price of $485 per ton.
A rebar seller from Iran reported two recent shipments: one consisted of 2000 tons of rebar from East Azarbaijan Province, sold at $495 per ton as ex-work to an Iraqi customer, and the other shipment was exported to the Iraqi market at the factory door price of $488 per ton.