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| ![]() Sharp Decline in Global Steel and Iron Ore Markets: Iran Struggles to Stay StableChina's iron ore leads the fall with a 6.7% drop as CIS and Iran's billet markets experience moderated declines.
By: TitreSanat News Agency According to an analytical report by TitreSanat News Agency, the latest monthly commodity market data highlights the persistence of a serious downturn in global and regional markets for iron ore and steel. Based on the charted data, China's iron ore prices fell by 6.7% compared to the previous month—the most significant drop among all indicators. This decline is largely driven by falling demand from steel manufacturers, export restrictions, and a weakened construction sector in China. Simultaneously, global billet markets have also been affected. The price index of Iranian billet dropped by 4.6% during the last month. This relatively limited decrease, compared to global figures, is mostly attributed to Iran's foreign exchange policies and the stabilizing role of the Iran Mercantile Exchange. The CIS market showed a similar pattern. Billet prices declined by 5.26% but later stabilized due to export limitations and reduced supply in the region. Additionally, CIS hot-rolled coil (HRC) saw a 5.43% decrease amid weaker demand in automotive and construction industries. Experts believe that the current market recession stems from simultaneous demand drops in East Asia and Europe, underperformance of Chinese manufacturers, sudden currency changes, and altered trade policies. While Iran's steel market reflects global trends to some extent, domestic interventions have helped limit the overall price drop. Although China and the CIS have faced significant shocks, Iran's economy has so far resisted severe devaluation. However, it remains uncertain how long this internal support can withstand the global volatility. Read the full Persian article on TitreSanat News: https://titrsanat.ir/ End
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