Prices for steel billet exports from the Commonwealth of Independent States remained firm over past the week, supported by demand from China.
In order to be able to observe the behavior of the market in this area, we must have a look at the price of iron ore. Iron ore has seen a drop in prices in recent days. This area has declined in the domestic and export markets. This seems to be the most important factor in putting pressure on the price of iron ingots in the domestic market
Tepid demand for hot-rolled coil imports (HRC) persisted in the key Vietnamese market in the week to Friday September 17, with multiple factors causing prices to fall week on week.
Iran's steel prospects are heavily dependent on iron ore. We must carefully examine the trend of this mineral in the main government. Iron ore seems to allow prices to fall in world markets. If Iran is to pursue the growth of global development indicators in the steel sector, it must keep pace with global growth. Operating as an island in the steel market is doomed to failure.