Iranian billet export prices are declining due to the devaluation of the rial, which has impacted local pricing. As of December 27, prices fell by $9 per ton week-on-week, reaching $444 per ton FOB. The drop in prices is attributed to increased competition and market pressures, as Iranian mills continue to navigate challenging economic conditions. The ongoing depreciation of the rial is further exacerbating the situation, making it difficult for exporters to maintain price stability in the international market.