13,574.61 TRY BIST 100 BIST 100
47.43 USD USD USD
7.07 CNY CNY CNY
54.79 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.05 TRY Interest Interest
83.45 USD Fossil Oil Fossil Oil
6.57 USD Copper Copper
88.65 USD Silver Silver
95.06 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
95.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

What is happening in the Iranian iron and steel sector?

The increase of billets and rebar in the Iranian market continues.

What is happening in the Iranian iron and steel sector?

According to the flow of the market, with the increase in supply, production costs, especially electricity, gas, mortar and logistics fees, will increase, which will affect all steel products. The impact of this fluctuation will only be felt in May, as it started with iron ore at first. The upward trend in the exchange rate, which rapidly affected the value of these products, caused the merchants to stock these products in the warehouses of Tehran and Isfahan.

Since the sole purpose of the companies and merchants operating in the iron and steel sector up to that time is to protect the value of their products and assets, the increase in the production of billets, sheet metal and construction iron will be ineffective against market prices. Even if the increase in supply causes a price decrease in the scholarship market, the expectation of a rupture will not prevent the price increase in the market and this will cause a great recession in the market as it continues.

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