Divergence on the Iran Mercantile Exchange: Hot Rolled Coil Holds Steady as Long Steel Products Swing More Than 20 Percent

According to Boursenews, a review of Iran Mercantile Exchange industrial floor data from Khordad to mid Shahrivar 1405 (roughly June to early September 2026) shows long steel products swung sharply while hot rolled coil stayed relatively stable over the same period. Per the report, rebar (18mm, A3 ribbed) started at 728,436 rials, fell to 611,982 rials, and then rose to 742,994 rials, a swing of more than 21 percent. Beams (14 and 16) ranged from 632,139 rials up to a peak of 783,499 rials, down to a low of 650,023 rials, and finally settled at 761,828 rials, a swing of about 24 percent. Bloom billet (5SP) ranged between 546,444 and 657,152 rials, a swing of about 20 percent.

By contrast, per the same report, hot rolled coil (HR) held within a narrow 850,000 to 870,000 rial channel throughout the period. Iron ore pellet supplied by Foolad Sangan rose more linearly, from 101,509 to 136,631 rials. Boursenews attributed hot rolled coil's relative stability to Foolad Mobarakeh's supply management of the product, an assessment made by the outlet itself rather than an independent company claim.