Russian metallurgical company Magnitogorsk Iron & Steel Works (MMK) has started pilot production of hot-rolled coils in Turkey. The company will definitely affect CIS transactions in the medium term. On the other hand, changing prices in this area can also overshadow Iran's export prices.
The Chinese car market saw growth in July compared to the same period last year. But a challenge to China's auto industry has been the combination of semiconductors and metal chips for smart and electric vehicles. In this regard, in this analysis, we will face the exact details of the raw materials for making batteries in Chinese cars. The data of this analysis is reported from the site of Metal Bulletin. Therefore, they can be easily cited.
The foreign exchange market is going through tense days. Usually at the beginning of the presidency we see a significant drop in the price of the dollar. But in this situation, the situation is a little different from previous years. The outcome of the Barjami negotiations and the relative frustration and prolongation of the Barjami negotiation process have led to a decline in the foreign exchange market. This trend is likely to continue until next month.