Fitch Solutions Lowers 2019 Global Steel Price Forecast

Fitch Solutions, another time, reduced the global steel price predictions for the current year amid tensions between US and china which increases the danger of global recession! Fitch believes that steel price in short term will also drop! “We are revising down our 2019 global steel price forecast from an average of $650/MT to $600/MT,…

Iran Steel Firm Market on Strong Demand:

Steel market resists and the prices are firm. Though US dollar rate in free market has reduced, the steel demand is yet strong and avoids prices to fall. But we should wait and see what the steel outlook is in future. Iran steel is demanded strongly not only in domestic market but also surrounding countries.…

Firm prices of Iran’s steel in export markets

Price difference between Iran’s billet on FOB term and #billet of #CIS has reduced to 17$ from 55$ on January! Due to the #US_sanctions against Iran, 17$ difference is acceptable. Last week the #steel_price of Iran in export markets was reported firm. #Iranian_steelmakers have fully booked for October shipments and are in negotiations for November…