With the announcement of the shutdown on Wednesday, May 22 due to the death of the Iran president, the iron and steel market was associated with price volatility on May 21. Prices fell in some places and rose in others. We have seen the instability and the various effects of the holidays on the market.
Situation on the iron market on May 21: confusion and price fluctuations
After the announcement of the closure on Wednesday, the iron market faced an uncertain and changeable course on Tuesday. On that day, the market saw falling, rising and stable conditions in most steel sections. Here is a look at the details of the price fluctuations on that day:
Reduce prices
- Rebar: declines by 2 thousand tomans per kilo.
- Angle: decreased by 2 thousand tomans per kilo
- Profiles: decrease of 2 thousand tomans per kilo.
- Pipe: The scaffolding tube was offered by a reduction of 2 thousand tomans per kilo.
price growth
- Sheet: increased the highest level with an increase of 2 thousand tomans per kilo.
- Billet: was sold with an increase of 4 thousand tomans per kilo.
Market situation analysis
Confusion and price volatility prevailed in the iron market on May 21. Falling and rising prices in different steel sections show the instability and different effects of the holidays on the market. Under these circumstances, entrepreneurs and consumers need to make and review their decisions more carefully.
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