Steel news 24

Steel news 24

Daily market analysis

According to Foulad 24;
Today, August 21, 1403

Dollar:
In the open market, the dollar is traded at a price of about 59,650 tomans. Also, the Euro is offered at a price of around 65,150 Tomans. Meanwhile, the National Exchange has announced the price of the dollar at 41 thousand 305 tomans. This difference in prices indicates turbulence and fluctuations in the currency market.

Today, one million 879 thousand 714 tons of steel products were to be traded in the industrial hall of the commodity exchange. But only 905 thousand 83 tons of this volume were placed on the trading board and 974 thousand 631 tons of products were removed for various reasons. This widespread removal of products indicates significant changes and fluctuations in the steel market.

The iron market is on the way to correction; Prices continue to fall

After starting the correction process from the previous day, the iron market continued on this path today. In this regard, the prices remained stable in most cases and some products, which faced price increases in the previous days, were reduced today.

Rebar: Anahita ribbed rebar with a reduction of 400 tomans per kilo
Iron beam: iron smelting beam with a reduction of 300 tomans per kilo
Corners and gutters: Corners in Isfahan market with a reduction of 400 tomans per kilo
Cans and profiles: cans produced with blessed steel sheet with a reduction of 200 Tomans and door and window profiles with a reduction of 100 Tomans per kilo
Sheet: Haft Almas steel deck sheet with a reduction of 770 tomans per kilo
Ingot: steel ingot with a reduction of 150 tomans per kilo

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https://foolad24.com/post/news/Steel-market-analysis-on-August-21-1403

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