A short forecast about the iran and the world steel market after the start of the Gaza war. The conditions created after the start of the Gaza war have changed the existing equations in the steel market. Global markets are slowly showing the signs of the end of the year, iron ore has increased slightly but billet has decreased due to stagnant markets.
In the global market, everything is waiting for the outcome of the war in Gaza because the main demand is coming from the Middle East, which is also still waiting. The Iranian market is in a very severe recession. Exports of rebar have fallen sharply, while the trend towards exports of pellets and sponge iron continues. The minerals are not concerned about the stagnation of the market, but this trend cannot continue. With the possible disruption of gas supply, the supply of pellets will increase and the price trend will change. Currently, the market is waiting for the price to reach its low point, which may have been reached with the new exchange directive to reduce the negative spread from 5 to 3.
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