Iranian steel billet export prices have increased to USD 410-415 per tonne FOB, according to Shanghai Metals Market (SMM) data. The price appreciation reflects tightening supply conditions and energy shortage challenges affecting Iranian steel production capacity. The export price movement comes as the steel market experiences broader dynamics, with SMM reporting that downstream construction activity has been significantly impacted by holiday disruptions.
This slowdown in construction activity has contributed to phased inventory accumulation in social inventory levels during the second week of October 2026. Market analysts note that while futures contracts have declined, spot prices for steel products including hot rolled coil (HRC) have shown resilience, with supply tightness likely limiting further downside pressure in the near term. The interplay between softer futures prices and constrained physical supply continues to shape the pricing environment for Iranian export billets.
Energy constraints remain a structural challenge for Iranian steel producers, impacting production economics and export availability. These supply-side pressures are supporting price levels despite broader market sentiment reflected in declining futures prices. Source: Shanghai Metals Market (SMM), Metal.com
Source: news.metal.com