Despite an overall upward trend in Iran's steel production and export last year, the specific sectors of Crc and coated sheet witnessed a decline of %7.1, respectively. In addition, the Hrc also experienced modest growth, with an increase of %5 . Considering the ongoing energy crisis in Iran, there is a concern that the production of these products may decline in the near future.
Moreover, as major global steel producers began controlling their supply to drive up profits and raise steel prices, Iran took advantage of the opportunity to fill the market gap by selling steel at lower prices. However, this strategy may lead to a shortage of steel production and supply in the current year and the years ahead.
Furthermore, Saudi Arabia is emerging as a new competitor to Iran in the steel market and aims to become the leading steel producer in the region. Iranian industrialists are particularly concerned about Saudi Arabia's collaboration with China, as China is known as Iran's primary buyer in the steel market.
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