Steel in Iran | صفحه ۹ از ۲۳ | آرتان پرس
Assessing amount of bubble in Iran’s domestic steel market
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.
Causes of failure of steel transactions in the commodity exchange
In the current situation, the Iranian steel market is in a situation where it has rarely experienced a similar situation. International steel markets are at the peak of prosperity, but we are witnessing the failure of Iranian steel transactions in domestic and international supply. The role of political and economic items in this divergence is quite obvious.
Steel financial risk in the domestic market downturn
The financial risk of steel in the current situation in the Iranian market has reached its peak. With the change in the dollar pricing scenario in Iran and the failure of previous resistances, we are witnessing a drop in prices in some markets and a lack of purchases due to lower inflation expectations. In the current situation, some markets have been accompanied by growth, which is affected by global price growth. But this is only possible in the short term.
Commodity exchange performance in April 1400
Commodity exchange performance in April compared to last year in terms of trading volume has experienced a growth of 7%. Commodity exchange has faced a lack of demand due to lower inflation expectations. But supply engineering by the market maker has caused price growth and resistance to falling prices in the commodity exchange. Of course, the impact of currency and international factors should not be overlooked.
۱۱% growth in the country’s steel production last year
The country's steel production statistics last year show that the production of long sections has been accompanied by significant growth. Statistics show that steel production in Iran has grown by 11% last year. We have also seen a 10% growth in the steel ingot sector and the highest growth has been reported in the rebar sector.
Analysis and price trends in the iron market
The Iranian hardware market is heavily dependent on the price of the dollar. In the current situation, one of the most important factors of uncertainty in the iron and steel markets is the lack of a clear outlook on the dollar exchange rate. In the global iron and steel markets, the lack of clear information on demand in recent months and the status of the Corona virus are the most important pricing factors in the iron market.
The sound of $ 600 steel ingot
All supply and demand factors are in favor of the growth of steel ingots. On the other hand, supply chain factors and the shortage of iron ore and scrap iron have kept the steel ingot market inflamed for the past three months.
Forecast of global steel demand in 2021
It is clear that many developed countries of the world have taken the path of economic prosperity in the steel market. According to the World Steel Association, the steel demand forecast for this year is considered promising. China will take the helm of the world's steel economy in 2022.
Iranian slab price up $70-85 per tonne, further rises likely
The Iranian export slab price surged by $70-85 per tonne in a recent tender held by one of the country’s major slab producers, Khouzestan Steel, supported by demand in the major outlets and a global uptrend in the slab sector.
FLAT STEEL MARKET IN RUSSIA : Mills eye rising export market in setting higher domestic prices
The flat steel market in Russia has risen with new offers, with significant support from the export market and good sales.
Iranian billet export prices up again on demand in Asia
Iranian producers of steel billet were continuing to increase their offer prices in mid-April, supported by demand from Asian markets.
