The domestic price of rebar in Poland has been stable compared to last week.
Ahmad Razavinik, president of the Iranian Steel Rollers Association, says about the high price of rebar: "In the year of the production leap, steelmakers have announced a 7 to 15 percent increase in production by holding a celebration and honking their horns; As the production of billets has reached 22 to 24 million tons, of course, the rollers are also happy about this issue, but the rollers are complaining about the pricing process of steelmakers' products on the stock exchange.Razavienik points out that the export of ingots in the first 4 months of this year has decreased by 21% and the export of rebar has also decreased by 41%, says: the supply of ingots in the commodity exchange has reached one-fifth of the consumption of light workers. However, the bullion is priced higher than the global FOB average in the form of dripping supply (unrealistically), which indicates the application of rents and backs that rollers are deprived of.
Considering that the export prices of materials such as iron ore, concentrate and copper decreased by about 40% during the first quarter of this year and the prices of raw materials and minerals also decreased, it seems that our non-oil exports To be reduced to more than $ 30 billion by the end of the year.On the other hand, 80% of non-oil exports are done by state-owned companies that are state-owned and private and are connected to various foundations. Therefore, the private sector is responsible for only 20% of non-oil exports, and if this sector has not returned even 20% of the foreign exchange earned from exports, which is certainly not the case, about 8 to 10 billion dollars of foreign exchange has been returned to the country by the private sector. The return of this amount of currency can not be so effective in reducing non-oil exports.
Despite falling domestic prices, Chinese hot-rolled sheet exporters kept their bids high.