[SMM Steel] Iran’s Domestic HRC Prices Rise Sharply on Weaker Rial

Published: Sep 3, 2026 16:57

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[Iran] Domestic HRC prices increased to USD 537-589/tonne ex-works this week, driven by a 15% depreciation of the rial over the past two weeks, higher replacement costs and uncertainty over imported supply. Downstream buyers continued to purchase only as needed, indicating that the price increase was mainly currency-driven rather than supported by stronger underlying demand.

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