20/02/2023
Market news. Better demand in China. Iran Steel Market Trend – Week 7th 2023
In world market, billet price has remained stable, but slab price has improved a little while price of scrap has not changed much recently. Market insiders are mostly waiting for better demand in China in second quarter of this year.
Chinese market will strengthen, though, even if prices do not rise, but China's demand at least promises price stability in global markets. While estimates shows that the earthquake in Turkey would have a loss of tens of billions of dollars, market insiders consider second half of the year very important.
SOURCE/LINK:
https://www.irsteel.com/en/news/64701/Iran-Steel-Market-Trend-in-Week-07th-2023
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