pubjet domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/artanpre/public_html/wp-includes/functions.php on line 6131The 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.
The domestic steel market has been affected by the growth of the dollar price and the disappointing news of the Barjami negotiation process on the one hand and the stabilization of world prices on the other hand have been accompanied by a price increase. This price increase has disabled the wheel of Iran's steel economy and taken customers out of the market. A basic idea for the price of iron ore in the domestic market must be removed.
The domestic steel market is in unfavorable conditions in the last days of the government. The whole market can be considered stagnant without customers. The cold steel sheet and beam market is in a situation where it is prone to further price reductions. It remains to be seen where the dollar price fluctuations will go.
Iran's domestic steel exchange is experiencing dull and low-rise days. Due to the sticking of prices to the ceiling and the reduction of inflation expectations of the society, we are witnessing a big gap in the transactions of the domestic steel exchange. If prices rise due to rising dollar prices, the new government is likely to crack down on the trend. The steel market needs a long-term balance.
Commodity exchange approval was presented to the market with the aim of changing the supply and how to determine the base price of steel. There are challenges along the way. It seems that rollers should be exempted from this measure due to the strong need for support. It seems that the stock market giants have felt the need to pull back from current prices.
In the domestic market of Iran, the price of steel ingots on the stock exchange and the open market is traded with a significant price margin. There are several reasons for this. From the mischief of market speculation to the difference between the exchange rate and the free exchange rate. However, the continuation of this trend is very much to the detriment of weak manufacturing companies and far from the supply of exports in the country.
The new week in global markets was accompanied by a drop in steel prices in many steel bases. The main reason for the decline in steel prices in international exchanges should be attributed to China's control behavior. Continuation of this trend along with the strengthening of the dollar will cause the global steel market to fall into a temporary slump in transactions.
Commodity exchange analysis in June shows that prices have risen in all trading positions. Long sections, despite price increases, have not gained much customer base. Due to the prevailing election atmosphere in the market, many buyers preferred to postpone entering the market until after the election.
Rising energy and raw material prices, on the one hand, and the closure of export routes, on the other, due to rising raw material prices relative to the final product, have pushed domestic prices above export prices in some countries. We are witnessing this issue in Iran. Domestic market transactions are reported with minimal trades.
Although iron ore prices fell below $ 200 a tonne by the end of May, prices rose again in June due to limited supply and increased Chinese steel production. Putting this issue in the context of declining production due to weather conditions, it can be inferred that iron ore price growth is likely to be sustained.
The trend of steel prices in the commodity exchange, due to rising global rates and the relative growth of the dollar, has led to an upward trend. Supplies in the domestic market are controlled by reducing buyer interest. In the current situation, we can not expect a drop in steel prices on the stock exchange. But we hope that the prices do not deviate from this logical path.