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Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

Continuation of stagnation in Iran's steel industry despite the power outage in the summer of 2024

A steel industry expert said: Considering the conditions that exist in the country, it seems that this summer, the country's steel will be in a stable state in terms of electricity.

The steel industry expert said, referring to the current electricity shortage in the steel industry this summer, considering the conditions in the country, it seems that this summer, the country's steel industry will be in a stable state in terms of electricity. In fact, it can be said that even with the possibility of outages, the price trend of the steel market is expected to continue its balanced trend.

Referring to the growth of steel investment in Saudi Arabia, he added: Currently, it can be said that the continuation of Saudi investments in the field of steel will gradually become a serious threat to Iran in the next few years.

According to the board member of the Steel Manufacturers Association, the business environment in Saudi Arabia is much better and easier than the business environment in Iran, the most important reason for which is the presence of sanctions.

In addition, sanctions have prevented Iran from freely accessing global markets, and on the other hand, Saudi Arabia is far ahead of Iran in terms of financing and technology. Based on this, it can be said that Saudi steel will be a serious threat to the country in the next few years; Perhaps, steel is a big market that has a lot of demand.

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