We can only hope for domestic demand in the steel industry to thrive if the country experiences positive economic growth, inflation is reduced to a minimum and stagnation in consumer industries such as construction is reduced as the purchasing power of the population increases. In this case, we can see the exit of the steel industry from the crisis, but considering the current political and economic conditions of society, it is unlikely that this important thing will be realized in 2024.
This year, due to stagnation in domestic markets, we will definitely face a decrease in domestic consumption of steel compared to its production, while manufacturers are thinking about foreign exchange earnings from the export of surplus steel production. On the other hand, the severe inflation of iron prices at the end of 2022 had led to the market being fed up in the demand sector, which caused the stagnation of the iron market in 2023 with the stability of the exchange rate.
One of the types of materials widely used in building construction, which has a great impact on increasing resistance to bending forces, is iron beam. Iron beams are usually used in the construction of columns, steel frames, middle and secondary beams, coil beams, etc. They produce beams in different sizes. Each of its sizes creates different applications in the structure. Among the types of beams that can be used, IPB, IPE, INP and honeycomb beams can be mentioned.
In 2023, the amount of iron beam production has grown by 24% in the first half of the year compared to the same period of 2022, however, we have to wait until the iron beam production process is completed in in the first half of 2024 so that we can make more accurate predictions about the future of iron beams this year.
Comments
No comment yet.