Articles
Neutral, dated analysis and explainers across Iran’s markets.
Mobarakeh Steel Hits Buy-Queue Lock Monday, Gains 2.99%; Still 8.1% Below Its Pre-Halt Price
Mobarakeh Steel (نماد فولاد) closed at its daily price-band ceiling on Monday, August 17, 2026, up 2.99% with buy orders at every price level and zero sellers, one day after touching its lowest price since reopening. The stock, which resumed trading August 8 after a five-month halt, is still 8.1% below its last real pre-halt trade.
Mobarakeh Steel Reopens After Five Months and Sits 10.6% Below Its Pre-War Price; Its P/E Is Half the Sector's (Wednesday, August 12, 2026)
Mobarakeh Steel's ticker (FOLD) reopened on August 8, 2026 after roughly five months of suspension, trading 10.6% below its last pre-war price, in a year the company posted a 33-year production record and net profit near 100,300 billion tomans. Its P/E is 4.4x, half the sector average, and the company still has not disclosed a precise war-damage figure.
Mobarakeh Steel Made Close to 100,300 Billion Tomans, Yet Kept Shareholders' Dividend Capped Over War Damage (AGM, Sunday, 2 August 2026)
Mobarakeh Steel's 2 August 2026 AGM, for a year in which parent-company net profit reached about 100,300 billion tomans, kept the cash dividend to shareholders capped. Management tied the decision directly to damage from enemy attacks, saying a larger payout would normally have been made. The Foolad symbol has also been halted for most sessions since 28 February 2026.
Iran Makes the World's Cheapest Rebar: It Exports an Energy Subsidy, While Its Steel Ticker Has Been Frozen for 146 Days (Friday, 24 July 2026)
Ex-works rebar in Iran runs about $365 a ton: cheaper than China, under half of Germany, a third of the US, not from productivity but from cheap gas and power melted into steel and partly shipped abroad. Iran supplies about a quarter of the world's direct-reduced iron and near 11% of the semi-finished steel trade, big enough that a Hormuz disruption lifted German rebar prices. Meanwhile the Foolad and Fakhouz tickers have been frozen since 28 February 2026. Not buy or sell advice.
