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Advancement of Iranian steel market following the exchange rate

Advancement of Iranian steel market following the exchange rate

Advancement of Iranian steel market following the exchange rate

At the same time as the dollar in the free market was in the range of 65 thousand tomans, in almost all the subcategories of the country's steel market, the selling points, looking at the dollar rate in the free market, sought to increase the price, regardless of any other logical and effective factor.

According to the reporter of Fouladban, commodity exchange transactions show that out of 2 million 443 thousand 735 tons of steel products offered in the stock exchange, 991 thousand 19 tons, or about 41%, were sold. This is while the amount of demand for this week has been recorded at 1 million 547 thousand 315 tons.

In this week, sponge iron products were sold in total of 155 thousand tons, which is 50 thousand tons less than last week. Also, despite the demand of 156,800 tons, it sold 125,500 tons, i.e. more than 80%. The average transaction price of this product was 12,898 Tomans, which was about 900 Tomans lower than last week. On the other hand, sponge iron recorded a 2.3% increase this week, which is lower than last week.

With 354 thousand 788 tons of supply and demand of 502 thousand 315 tons of billet, he was finally able to sell 258 thousand 398 tons. This product with an average price of 21 thousand 309 Tomans this week experienced a 2.5% competition.

110 thousand 243 tons of steel products were available in the third week of spring. Also, this product registered only 52 thousand 524 tons of demand, of which 38 thousand 612 tons were sold at an average of 27 thousand 20 tomans.

On the other hand, the transactions of all kinds of sheets in the commodity exchange had a supply of 77 thousand 930 tons, and with the decrease in supply, all kinds of sheets in the stock exchange were able to record sales of 39 thousand 500 tons, and in fact, about 51% of it was traded.

Also, for pellets, less supply was recorded than last week, i.e. 678 thousand tons, which was 167 thousand tons less than last week. Accordingly, with a demand of 518 thousand tons, this product sold about 300 thousand tons at an average price of 5 thousand 180 tomans per kilogram.

The situation of the concentrate was the same and for 515 thousand tons, 225 thousand tons of demand was registered, of which only 205 thousand tons were sold. Needless to say, this product has experienced a lower volume of 301,000 tons compared to last week.

Angle had 200 tons of supply in this week's transactions of the Commodity Exchange, where sold 53% of all products offered this week.

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