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Falling iron prices
Monday, August 9, 2021 Visit : 21

 

Falling iron prices

 

Yesterday, the exchange rate fluctuated slightly and finally the dollar was at the rate of 25,700 tomans. The news of the iron market also shows the relative decline in prices.

It can be said that from Saturday, promising news about the improvement of foreign relations will be heard and the same news reduced the market, but the iron market was affected by the decrease in world prices and also hoped to solve the power supply problems of production units. Took over.

 

Last Friday, we saw the highest level of fall in iron ore prices in the Chinese market in a year and a half.

 

In order to reduce the price of sections, it is necessary to reduce the price of induction ingots, while there is a lack of supervision and transparency in determining the price of induction ingots, and it is not clear whether prices in this sector will decrease or resist the downward trend. The price of rebar has decreased by only 527 Tomans in recent days, which in comparison with the average growth of 1800 Tomans in the price of ribbed rebar caused by power supply crises and continuous blackouts, indicates that prices still need to be corrected.

 

Examining the daily price of hardware, it can be seen that yesterday the price of rebar was fixed in most points of sale and a large number of people considered a reduction of about 50 to 300 Tomans. Unfortunately, the sales stoppage in some companies has been extended The price is 16 thousand and 700 tomans .

    Ahan pouya

    Ahan pouya

    Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.

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