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The 6 main reasons of strong steel demand in automobile industry

Automobile is one the major industries demanding steel globally. So investigation of car industry can help analyst to predict steel market! A report was published in World Steel website, analyzing why automobile industry is strongly demanding steel: Strong but cost effective: steel in comparison with aluminum and some compact plastics is stronger and also more…

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Global Steel Demand on 2020

According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%. Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will…

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 Coal Output Grows 78% in 5 Years!

Coal concentrate production of Iran has risen 78.7% in last five years, the highest growth between Iran minerals! On the other hand, aluminum ingot with a 1.8% growth had the lowest improvement. 921,500 MT of coal concentrates were produced 5 years ago in Iran which had increased to 1,647,000 MT last year. Moreover 15,480,000 MT…

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