Billet producers in Iran were able to achieve higher prices in the latest sales round.
After a few days of turmoil in the ingot market, not only has there been no definite news about the withdrawal of steel products from the commodity exchange, but hopes for a growth in the supply of steel have been strongly strengthened.
The price of hot rolled sheets has remained largely stable despite reports from buyers in Vietnam that they were paying high prices for imports.
The use of steel with special properties in some industries such as oil and gas pipelines is very important due to the sensitivity of this industry and its transmission.In order to make these pipes, the steel used must have API standard. In previous years, the steel used in this industry was supplied from abroad. Since 2016, Mobarakeh Steel Company of Isfahan, in order to be self-sufficient in manufacturing API steel, has provided its infrastructure measures, and since last year, this company has been producing this steel.
the volume of world trade in goods decreased by 0.1 percent this year, while the previous year, 2018, had decreased by 2.9 percent. According to the organization's definitions, trade in goods is measured by the average of imports and exports. On the basis of value, last year the trade flow experienced a significant decline of 3% and reached a level above 19 trillion (trillion) dollars, while in 2018 it experienced a growth of 10.2%.
This week, the United States released a list of new sanctions against Iranian steel, pushing Iran closer to cooperating with China, which is set to increase its steel production by about 47 million tons by the end of 2021. Iran's mining and steel sector is a necessity for the country, but certainly cooperation with Iran in the mining sector will be in order to supply raw materials for these factories, while this issue is not in line with the country's macro policies.
Last week, the price of scrap increased and the increase in the price of scrap imported to Turkey caused the prices of the CIS area to increase as well, although the situation is different in North Africa and its different regions.Due to the fact that in GCC countries, especially Oman, Kuwait and Dubai, the amount of budget allocated for projects and infrastructure has decreased compared to last year, so we are facing problems with the consumption of long products. This lack of consumption increased the number of active participants in the market for the export of tickets.
Khodadad Gharibpour, Deputy Minister of Industry, Mines and Trade, believes that the steel industry has an annual exchange rate of $ 4 billion, which accounts for 40 to 45% of the total exports of the mining and mineral industries.Exports of the mining and mineral industries are expected to account for about a quarter of the total value of non-oil exports this year, compared to 98.