Iran Mercantile Exchange steel sales reach 76 percent

On September 23, 2026 (1 Mehr 1405), the Iran Mercantile Exchange saw significant activity in the steel sector. Approximately 164,228 tons of steel products were listed for trading, with 126,096 tons—roughly 76.78 percent—successfully sold.

Key offerings included: - Shahrood Steel: Offered 700 tons of medium rebar (sizes 16, 18, 20) at 827,293 million Rials per ton, along with short rebar and larger diameter rebar (22 to 32 A3). - Isfahan Steel Company: Listed various rebar sizes, including 1,000 tons of 22 A3 and 1,000 tons of 20 rebar, with options for cash or credit settlements. - Jahan Steel Sirjan: Offered 1,000 tons of 22 to 32 A3 rebar and 3,500 tons of 14 to 20 A3 rebar.

Market demand was particularly high for deformed rebar, with 113,587 tons of demand registered against 75,478 tons offered, trading at an average price of 812,245 Rials. Hot rolled coils also saw strong demand, with 8,840 tons requested against 8,280 tons offered.