CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
Despite the growth of iron ore inventory in China, supply is still heavy. After the price shock shock two weeks ago, last week did not change the situation much for market participants and the price reduction was much heavier than stability or increases. The reason for the price increase can be considered environmental issues and China's control policies. .
Automotive policymaker in the twelfth government, considering the 12 percent share of 1400 production for private automakers, referred to this sector as the third pole and monopoly in the country's automobile industry. They take. Unfortunately, the loss of this inefficient production must be paid by the purifier. These days, the car market is floating on the political and economic issues of the country and is facing many ups and downs. Although the car market seems to have weathered the heat of the summer of 1400 these days, it is still a long way from the declining phase of late last year.
Last month, Iran's steel export market in Iraq was ceded to Turkey without any effort. The reason for this was the inadequacy and inability to comply with Iran's export obligations. The problem of steel power cuts created this situation. Even now, due to political problems and the rising risk of trading in the Afghan market, it is about to be lost. Of course, the issue of Iraq and Afghanistan is different. But in any case, whatever the problem, it is the Iranian steel export market that is getting weaker day by day.
The fourth season of the year is spent in China as China's environmental and control pressures have challenged the steel market. China's steel market is likely to be more controlled in the coming months. In this report, we will discuss the most important factors affecting the Chinese steel market in the last three months of the year