Prices continue to decrease in the world markets. Exports of Iranian products, on the other hand, are declining both in terms of price and quantity. The downward trend in oil prices, on the one hand, and the decrease in scrap prices, on the other hand, have led to lower prices.
According to market observers, the US sanctions on Iran have led to a decrease in oil exports, which in turn has reduced the amount of foreign currency coming into Iran.
Billet prices tended to increase due to the rise in sponge iron and the lack of stocks at rolling mills, while prices decreased over the weekend due to the decrease in foreign exchange prices.
Turkey, an influential factor in the scrap market, is facing minimal demand until the presidential elections. In this case, scrap prices will not improve in the coming weeks.
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