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All the factors in the market have joined hands to witness the severe recession of the housing market in the last four years. The new government faces a major challenge in the housing slump. This stagflation, along with other financial factors, has made the solution to the housing problem seem unexpected in the short term.
Steel market trading is stagnant enough. Now, due to the statement of the National Anti-Corona Headquarters, we are witnessing the closure of government offices, banks and markets in Tehran for six days. This could come as a short-term shock to steel prices next week. This is not good news for any sympathetic activist in the market.
Iran's steel ingot production in the first quarter of this year has exceeded 6 million tons. Isfahan Mobarakeh Steel is ranked first in this field with more than 40% of steel ingot production. Overall, the high export demand in this area has caused all producing countries to face the highest production growth.