Steel Network
13,407.44 TRY BIST 100 BIST 100
43.42 USD USD USD
6.28 CNY CNY CNY
51.79 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
34.13 TRY Interest Interest
69.26 USD Fossil Oil Fossil Oil
13,407.44 USD Copper Copper
168.08 USD Silver Silver
103.38 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,761.05 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

A steel industry expert said: Considering the conditions that exist in the country, it seems that this summer, the country's steel will be in a stable state in terms of electricity.

The steel industry expert said, referring to the current electricity shortage in the steel industry this summer, considering the conditions in the country, it seems that this summer, the country's steel industry will be in a stable state in terms of electricity. In fact, it can be said that even with the possibility of outages, the price trend of the steel market is expected to continue its balanced trend.

Referring to the growth of steel investment in Saudi Arabia, he added: Currently, it can be said that the continuation of Saudi investments in the field of steel will gradually become a serious threat to Iran in the next few years.

According to the board member of the Steel Manufacturers Association, the business environment in Saudi Arabia is much better and easier than the business environment in Iran, the most important reason for which is the presence of sanctions.

In addition, sanctions have prevented Iran from freely accessing global markets, and on the other hand, Saudi Arabia is far ahead of Iran in terms of financing and technology. Based on this, it can be said that Saudi steel will be a serious threat to the country in the next few years; Perhaps, steel is a big market that has a lot of demand.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian coking coal prices moved upward

Thursday, January 29, 2026

POSCO International reports record operating profit driven by energy business

Thursday, January 29, 2026

Borçelik exports 80% of its flat steel to global markets

Thursday, January 29, 2026

Turkish businessmen are preparing for a trade visit in Saudi Arabia, Egypt, and the UAE

Friday, January 30, 2026

Ukraine launched an anti-dumping investigation into imports of steel pipes of Turkish origin

Friday, January 30, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now