The Iranian steel industry faces multifaceted challenges amidst global shifts. The Russian steel industry's embargo and subsequent price reductions have impacted Iranian steelmakers, who have lost competitiveness in key markets like China and East Asia.
Mandatory pricing policies, stringent export regulations, and geopolitical events, such as the conflict in Jerusalem, have further complicated the industry's landscape. Despite these challenges, raw material markets remain resilient, and domestic factors like the cold season and gas supply issues add to the complexity. Analysts suggest that certain steel products may have reached a fundamental price floor, with potential for growth in the coming months. The industry is navigating a complex environment with both global and domestic factors influencing its trajectory.
The commencement of the cold season in the domestic market has brought forth new challenges. The increased probability of industrial gas cut-offs and higher gas feed rates for steel industries has triggered competitive dynamics in sponge iron deals, indicating a potential for price growth in other chain products in the months ahead.
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