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#steel_market_tomorrow

Last week was a boring week, we were hoping to have a good start to the week, but unfortunately today we saw the continuation of last week’s process, even calmer than last week.

We had a very weak customer footprint and less financial turnover in three days.

Lack of customers on one side, lack of liquidity and money on the other side and the decrease in the price of goods and steel sections in the market did not leave any room for sellers.

I don’t think that we will have anything special for tomorrow and we have to wait for Monday when the supply of hot sheets will happen on that day.

If the terms of settlement of Garam Mubarakeh are all letter of credit, we will not see the low price, and if the terms of settlement are cash and credit, the transaction price will be closer to the market price.

If the settlement is in cash, the traded price will be lower than the above two situations.

All of the above are just speculations and we have to wait to see what awaits us.

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This post is written by foolad24sale