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Crude steel production in the Persian Gulf countries has increased in the first 5 months. Qatar is engaged in construction and steel consumption due to hosting the World Cup and treats other countries in this field differently. Entering the prefabricated housing industry in the UAE and Saudi Arabia has led to acceptable growth in crude steel production in the GCC countries.
Iran's domestic steel exchange is experiencing dull and low-rise days. Due to the sticking of prices to the ceiling and the reduction of inflation expectations of the society, we are witnessing a big gap in the transactions of the domestic steel exchange. If prices rise due to rising dollar prices, the new government is likely to crack down on the trend. The steel market needs a long-term balance.