WANA  (Aug 04) – In the week ending July 31, 2025, Iran’s steel export market witnessed several key transactions. The most significant deal of the week saw an Iranian company secure the sale of a 60,000-ton shipment of steel billets at $425 per ton FOB, for October delivery, to buyers in the MENA region and Southeast Asia. The deal was finalized during the same week.

 

Meanwhile, an Iranian trader exported 3,000 tons of billets to Oman at $410 FOB, with delivery scheduled for August.

 

Additionally, another Iranian trader shipped 2,000 tons of rebar to Turkey at a rate of $500 per ton CPT; the consignment was dispatched last week.

Iran's steel industry. Social Media / WANA News Agency

Iran’s steel industry. Social Media / WANA News Agency

Daily price assessments showed that the price of Iranian steel billets at the country’s southern ports remained unchanged from the previous week, steady at $413 FOB. Similarly, Iran’s billet export price to Thailand held firm at $443 CFR.

 

On the global stage, minor fluctuations were recorded. Turkish rebar exports were assessed at $540 FOB, while German rebar (sizes 12–32 mm) was priced at €625 CPT. The base price of hot-rolled coil (HRC) in Germany held steady at €540 ex-works, while 2 mm HRC in Vietnam remained at $503 CFR.

 

In raw materials, 62% iron ore delivered to China (CFR) slipped by $1.25 to $100.5, while Australian coking coal FOB stayed at $180 per ton. In the scrap market, U.S. HMS 1&2 (80:20) imports to Turkey held at $346, with U.S. shredded scrap to Turkey steady at $366.

 

Finally, Russian billet exports rose by $5 to $445 FOB Black Sea, and Turkish HRC imports from Russia increased by $12 to $480 CFR.