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The decrease in Iranian steel price these days

Over the past few days, the prices of some Iranian steel sections such as: rebar, sheet, profile, etc. have been decreasing. After the confusion of the steel market, the declining trend of steel sections was what attracted the attention of many buyers.

The decrease in Iranian steel price these days

Over the past few days, the prices of some Iranian steel sections such as: rebar, sheet, profile, etc. have been decreasing. After the confusion of the steel market, the declining trend of steel sections was what attracted the attention of many buyers.

Due to the decrease in prices, there was an increase in consumers; Because in recent days, this price reduction created a sense of security among consumers and caused more buyers to be seen in the market and take advantage of this opportunity.

In the past few months, mandatory price control, inflation above 50%, negative economic growth, government deficit, sanctions and even natural gas and electricity outages have caused the market to be full of iron price fluctuations in 2023 and the price trend of steel sections is increasing. be If we want to compare the last month with other previous months, there was a decrease in the price of steel sections in the Iranian market. The biggest decrease in the price of iron in recent weeks was related to products such as rebar and profile, which attracted more buyers to the market. The decrease in the price of raw materials was perhaps the most important influencing factor in this matter; Of course, other factors can also be attributed to this case.

Restrictions on energy sources such as electricity and natural gas, continued economic sanctions and disruptions in financial circulation, the negative trend of economic growth and the increase in the price of raw materials were all factors that caused us to witness stagnation in Iran's domestic market in the last days of Nowruz the Iran's new year.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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