The steel market bubble in recent months has been linked to changes in the dollar, something that analysts have not overlooked. The maximum allowable base rate for ingots is 14,580. With a simple calculation, it can be concluded that the steel market bubble fluctuates around 8% negatively.
Given the limited reserves of iron ore in the country, it is not unlikely that we will soon face a decline in our country's export position in this area, as countries such as China and India play a significant role in export markets, as well as exploration and extraction of significant iron ore reserves. The title of raw material and essential required for steel, have taken appropriate measures to increase production and presence in international markets as much as possible, so that even the first, second and third wave of the corona, which is said to affect people at the end of the year. And global markets will also not be able to hamper the development planning of these countries.
Secretary of the Iranian Steel Producers Association after recent events in the field of steel supply and supply floor in the stock market, warnings and ultimatums and referring to the new decisions of the Ministry of Silence in the field of steel market regulation, said: With the presence of Dr. School School at the head of the Ministry of Industry, Mines And the new trade and decisions of this ministry in the field of regulating the steel market. Fortunately, the regulation of the steel market has left the previous pivotal person and decisions are made in expert meetings.
For several months now, the issue of changing the price coefficients of iron ore, concentrate, pellets and sponge iron has been raised and has been followed by many margins. In the past, news was published that the change of price coefficients of the steel chain was removed from the agenda of the Ministry of Industry, Mines and Trade. The outcome of the meetings is so advanced that even the new coefficients are supposed to vary depending on the scale of the units. So much so that on Sunday, August 4, a news item was published about a meeting between the Steelers and the Vice President, in which it was stated that Do not create steel chain pricing coefficients.
Billet producers in Iran were able to achieve higher prices in the latest sales round.
After a few days of turmoil in the ingot market, not only has there been no definite news about the withdrawal of steel products from the commodity exchange, but hopes for a growth in the supply of steel have been strongly strengthened.
The use of steel with special properties in some industries such as oil and gas pipelines is very important due to the sensitivity of this industry and its transmission.In order to make these pipes, the steel used must have API standard. In previous years, the steel used in this industry was supplied from abroad. Since 2016, Mobarakeh Steel Company of Isfahan, in order to be self-sufficient in manufacturing API steel, has provided its infrastructure measures, and since last year, this company has been producing this steel.
This week, the United States released a list of new sanctions against Iranian steel, pushing Iran closer to cooperating with China, which is set to increase its steel production by about 47 million tons by the end of 2021. Iran's mining and steel sector is a necessity for the country, but certainly cooperation with Iran in the mining sector will be in order to supply raw materials for these factories, while this issue is not in line with the country's macro policies.
Khodadad Gharibpour, Deputy Minister of Industry, Mines and Trade, believes that the steel industry has an annual exchange rate of $ 4 billion, which accounts for 40 to 45% of the total exports of the mining and mineral industries.Exports of the mining and mineral industries are expected to account for about a quarter of the total value of non-oil exports this year, compared to 98.
Rastegar, head of the Iron and Steel and Metals Union of the city and Tehran province, referring to the annual production of 29 million tons of steel products in the country, said: "A sharp increase in the price of goods whose domestic consumer market is facing a production surplus of 11 million tons and can not be exported Economic events are rare in our country and have no rational justification.
In the business world, we sometimes hear or see companies merging. This means that the two companies merge to form a new company.