The Cheapest Rebars in the Iranian Market

Among these, 6 rebars from Sarmad Abarkouh, Kian Foolad Abhar, Miandor Steel Complex, Zagros, National Group, and Kerman Rolling and Casting Company have the lowest prices for rebars in Iran. Generally, rebars with lower prices are used for projects with limited budgets.

Next, we will take a closer look at the factors affecting the price of rebars and also the prices of rebars produced by these factories.

Factors Affecting Rebar Prices

Before introducing the most economical rebars, it is worth answering the question: What factors influence the prices of factory rebars? By answering this question, we can somewhat clarify why the prices of rebars from some factories are lower than their competitors.

The price of rebars, as one of the most important factors in the construction market, is influenced by many economic, industrial, and geographical factors. Some of the most important factors affecting rebar prices include the manufacturer, supply and demand levels, raw material prices, market conditions, dollar rates, weight, and type of rebar.

Rebar Manufacturers

The manufacturer of rebars can be considered the primary influencing factor on rebar prices. Each factory announces its product prices based on its policies, production costs, production technology, the modernity of its equipment, brand size, etc. It ultimately depends on the buyer's decision as to which factory to choose.

Demand

The demand for rebar consumption in the industry can also be one of the most important factors influencing rebar prices. If the demand for rebars increases, their prices will naturally rise. For example, during the warm seasons of the year, construction activity is more vigorous than in the cold seasons, and this issue can lead to an increase in rebar prices.

Raw Material Prices

Steel, iron, and other metals used in rebar production are fundamental factors in determining rebar prices. If the prices of these metals rise, the price of rebars will also increase. The cost of raw materials such as iron ore also affects rebar prices. With rising raw material prices, the cost of rebar production also increases.

It is worth mentioning that sometimes scrap iron is used to produce rebars, which changes the total cost by one hundred percent.

Market Conditions

Market conditions such as competition, supply and demand, and overall economic conditions can also influence rebar prices. For example, at the beginning of the COVID-19 pandemic, many manufacturers suffered losses, and production in the market significantly decreased.

Dollar Rate

The dollar rate is also one of the important factors in determining rebar prices. Since the stock market mechanism and the average price of billets in the stock market are based on the dollar rate, any change in the dollar rate can shift rebar prices. Generally, the prices of steel products worldwide are determined based on the dollar, and rebars are no exception.

Production Costs

The production costs of steel rebars, including labor, energy, and equipment costs, can also affect their prices. When production costs increase, manufacturers may pass these costs on to customers in the form of higher prices.

Competition

Competition among steel manufacturers can also affect the prices of steel rebars. When the number of manufacturers increases, prices become highly competitive. Conversely, when there are fewer manufacturers, prices may be higher due to less competition.

Infrastructure Costs

Infrastructure costs imposed by governments can also influence the prices of steel rebars. When governments invest in infrastructure projects such as roads, bridges, and buildings, the demand for steel rebars increases, which can lead to price increases.

Weight of Rebars

Interestingly, weight also affects the price of this steel product. The weight of each rebar section impacts its total cost. Each rebar section of a specific size can have a weight difference of up to 2 kilograms compared to other factories.

Proximity to Factory

The farther the factory is from the project site, the more transportation costs it will incur. Therefore, the cheapest rebar prices are closely related to the proximity or distance of the factory.

Introduction of 6 Cheap Rebars in the Market

1- Sarmad Abarkouh Rebar

The first cheap rebar on the suggested list belongs to Abarkouh. The Abarkouh factory, located in Yazd, has an annual production capacity of up to 550,000 tons. The rebars from this factory are produced in sizes ranging from 8 to 32 in both plain and ribbed forms.

The raw materials for the rebar, namely billets and iron ore, are supplied from the Chadormalu mine, which is one of the investors in this company. Therefore, it is completely self-sufficient in terms of raw material supply and does not need to purchase billets. Thus, this factor may affect the price of Abarkouh rebars. The Chadormalu iron ore mine is one of the largest producers of iron ore concentrate, located 180 kilometers from Yazd.

As shown in the chart above, the last price of Sarmad Abarkouh rebar reached 23,600 tomans at the end of Esfand 1401. Additionally, the price fluctuations of this rebar have been in the range of 20,000 to 30,000 tomans, which is considered economical compared to the market.

2- Kian Foolad Abhar Rebar

One of the cheapest rebars available in the Iranian market belongs to Kian Foolad Abhar factory. This factory, located on the main Tehran-Zanjan highway, is a major supplier of steel products, especially rebars ranging from sizes 12 to 32. The advantage of Abhar steel rebar is not only its low weight but also its good strength. Therefore, for large tonnage orders, its weight is reduced, making the final price economical for the buyer. Consequently, managers of most projects and investors constantly monitor the prices of this project.

One of the factors considered for purchasing the cheapest rebar in Iran is the price chart of rebars. As you can see, the price of Kian Foolad Abhar rebar fluctuated between 20,000 and 31,000 tomans from Dey 1401 to late Farvardin 1402, trading at 23,500 tomans on 26 Farvardin. With this in mind, it can be said that one of the cheapest rebars in the country is Kian Foolad Abhar rebar.

3- Miandor Steel Complex Rebar

Another of the cheapest rebars in the Iranian market is the rebar from Miandor Steel Complex. The Miandor Steel Complex in Azerbaijan, using the latest modern equipment such as automatic packaging systems and pre-heating furnaces, has a nominal production capacity of 110 tons of steel products.

The main raw material for Miandor Steel Complex rebars consists of 150 and 130 millimeter billets, which are used for ribbed rebars. A notable point about the quality of this rebar is that it is produced according to the national standard ISIRI 1332 and German foreign standards.

If you look at the price chart of Miandor rebar, you will notice that the rebar fluctuated between 19,700 tomans and 30,790 tomans from Dey 26, 1401 to Farvardin 27, 1402, ultimately settling at 24,150 tomans. With this in mind, among its peers, Miandor rebar is considered one of the cheapest rebars in Iran.

4- Zagros Rebar

Sabz Steel Zagros grade is among the cheapest rebars available in Iran. The last price of Zagros rebar was 23,200 tomans on Farvardin 24, 1402. However, during the peak market fluctuations, the price of this rebar even reached 32,200 tomans in Esfand 1401, which was due to the sharp rise of the dollar, reaching above 50,000 tomans.

The rebars produced by Sabz Steel Zagros range from 10 to 40 millimeters. Heavier sizes are produced based on customer orders. Regarding the quality of Zagros rebar, it should be noted that this factory uses elements with standard percentages that are used for reinforcing steel, such as manganese and carbon.

5- National Group Ahvaz Rebar

The National Industrial Group of Steel Iran is one of the leading players in the steel industry, consisting of various factories such as Kowsar Rolling, I-beam rolling, rebar, and wire, etc. One of the competitive advantages this company has is the production of billets by its own factory. The billets needed for the production of National Group Ahvaz rebar are obtained from its steelmaking plant and are available in dimensions of 160*160, 150*150, 130*130, and 100*100 with lengths of 4 to 8 meters.

Therefore, it is expected that the price of this company's rebar will be lower than its peers because it is self-sufficient in billet production and does not incur additional costs for purchasing billets. Thus, the total cost of National Group rebar is less than that of its peers.

As you can see, the last price of National Group rebar on Farvardin 24, 1402, was 22,700 tomans, which is quite close to the market floor. However, like other rebars, it experienced growth due to the rise of the dollar, reaching a peak of 31,200 tomans on Esfand 7.

Kerman Rolling and Casting Rebar

The Kerman Rolling and Casting Complex, as one of the producers of billets and rebars in Iran, has made its rebars among the cheapest in Iran. This factory has an annual production capacity of 500,000 tons of various rebars and 100,000 tons of steel billets. Therefore, it is no surprise that some buyers monitor the prices of this factory.

As you can see, the lowest price of Kerman Rolling and Casting rebar size 14 was 19,300 tomans on Dey 28, 1401, and even reached 31,740 tomans on Esfand 8.

Cheap and Quality Rebars

Based on the information provided, the cheap and quality rebars available in the market are Kian Foolad Abhar, Miandor Steel Complex, Zagros, National Group, and Kerman Rolling and Casting.

Frequently Asked Questions

Why are some rebars cheaper?

For two reasons: one is the type of alloy used, and the other is the production of billets by the factory itself.

Is buying cheap rebars more economical?

It depends on transportation costs and the proximity of the factory.

Which factories have cheaper rebars?

The cheapest rebars in Iran belong to Sarmad Abarkouh, Kian Foolad Abhar, Miandor Steel Complex, Zagros, National Group, and Kerman Rolling and Casting.

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