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#steel_analysis

With the stock market turning green and the symbols of basic metals, especially the melting symbol, becoming positive, the market situation was very different compared to the previous days.
Along with the good condition of the stock market and the corrections made on the price of dollar and gold, we saw the silence of the steel market.
Today, when we saw the market for mid-line products, the demand was many times the supply, but no one paid attention to Mubarakeh steel sheets. Maybe this has influenced the price of sheet market to remain stable.
It is not clear how far the amendments are going to go, but definitely the steel market will not budge until the first of the week until everything is stable and the direction of the market is determined.
The fact that we were facing a price reduction in products such as rebar and beams indicates that the bubbles are bursting and the prices are being corrected.
In the meantime, good for those who sold at high prices and bad for those who were waiting to inject a wide range of products into the market.

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This post is written by foolad24sale