“Global iron ore and steel market have fluctuated a lot in recent weeks, mainly due to what happened in China,” said a senior analyst for international minerals and steel markets. On the other hand, the world market has positive conditions for steel exports that can be used.
Keyvan Jafari Tehrani added: The situation of Chinese steel imports and production reached its maximum in June and July. This is when the volume of imports approaches its peak and finally reaches saturation, after which a downward trend begins. Last week, iron ore prices rose sharply to $ 5.5 a day and went up again by $ 2, but ended the week down again by about $ 4.
He continued: “In fact, this was due to heavy traffic in Chinese ports for mooring ships; This is because the number of ships in the mooring line reached 170, while in all Chinese ports for the import of iron ore / steel and the export of coal / steel, normally only 100 ships are present in the mooring port, but this increase shows the number It shows how much China needs to import iron ore and steel.
*** Iron ore price changes
Jafari Tehrani, referring to the price changes of iron ore, said: It seems that the decrease in the price of iron ore in the Global steel market has been emotional; Even the China Iron and Steel Association (SISA) has announced that the traffic situation in Chinese ports will balance by the end of August.
According to him, international analysts also believe that in September (next month from September 10 to September 10) the Global steel market will continue to be positive, but in the fourth quarter of 2020 the market situation will be lower than today.
The senior analyst of international markets for minerals and steel continued his speech by pointing to the positive conditions for the export of the country’s steel products and said: “We should not forget that the Global steel market is changing at any moment and now that it is in favorable conditions, we should not take the opportunity to export.” he lost; So if there is a positive market in the world for the country’s steel industry that can have acceptable currency for the country, it should be used as much as possible and time should not be wasted. Because otherwise the possibility of export for the country in this sector will be eliminated.
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