A report on the situation of the iron market in April 2017
In a situation where since the beginning of this year, we have witnessed an astronomical increase in the price of iron products, yesterday, after three days of closure, the price of iron products decreased in most areas.
Examining the situation of iron in the country shows the downward trend of the daily price of iron tools in this market. The prices of steel beams, rebars and profile cans decreased. Following the decrease in the dollar rate in the market and the announcement of 4200 tomans in the news media, the prices in most of the markets had a downward trend during the past day. The news of the iron market indicates a decrease of 100 tomans in the price of sections in this market.
Yesterday, the condition of the iron market in the rebar sector was promising. Because the price of ribbed rebar has dropped from 30 to 1100 tomans. Siyaden Abhar rebar factory reduced the price of its rebar by 70 tomans. After increasing the price for a long time, this factory lowered the price of its rebars. Currently, the price of Abhar size 14 rebar is 2640 Tomans.
Arian Foulad rebar factory registered the highest price reduction among other rebar factories. This factory sold its size 14 rebar at a price of 2610 tomans with a price reduction of 110 tomans.
The news of the iron market indicates a decrease of 40 tomans in Neishabur rebar. Neyshabur factory sold the price of its Ajdar rebar at 2720 Tomans after reducing by 40 Tomans. In the meantime, we have witnessed the stability of rebar prices in some factories, including Zafarbanab and Amirkabir Khazar. These two factories announced the price of rebar to be fixed last day.
After rebars, we will check the price of rebar in Tehran company. The prices of steel beams also decreased in the last day. But in the meantime, we have witnessed the stability of the price of iron shot in the Isfahan smelter. The price of Arian Foulad steel beam decreased by 300,000 tomans to be at the top of the highest price reduction. Other beam factories have also reduced their prices.
After examining these two steel sections, we examine the condition of the profiles. The price of iron cans decreased by an average of 50 Tomans last day. The price of Yazd profile was traded at 3310 tomans after a 20 tomans price reduction. Also, Jahan’s profile was sold at a price of 3320 Tomans after a 100 Tomans reduction. In the meantime, we have witnessed the stability of the price of Saberi profile.
The forecast of iron prices in the coming days indicates a further decrease in rates in this highly volatile market. Due to the decrease in the price of the currency, if this trend continues, we will see a further drop in the price of most steel products.
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This post is written by poshtibaniTs