Steel ingots Price Fluctuation in 2020
Steel ingots are one of the most important steel products that have a high value in the stock market and transactions in the country and the world. This product belongs to the category of intermediate rolled steel products and is traded in different sizes and lengths. Major purchase of Yazd steel ingots in various dimensions is underway with high prosperity.
Where can we get steel ingots?
The latest changes indicate a jump in the price of steel billets and steel slabs in the world. We are the price index of steel billet in cis area, also the price index of imported steel billet in the UAE and. There are several reasons for the jump in the price of billets and steel slabs in global markets. The decline in China’s production performance in October has been a factor in stimulating global steel prices. The decline in the productivity rate of steelmakers, which fell to 56.2%, was another reason for the rising price trend. The Chinese government’s blocking of new steel plants is another issue that has spurred steel prices.
There has also been an increase in demand for steel in the global market. With China passing 54.4 PMI and accelerating construction in China, we have seen an increase in demand for steel. Despite rising demand for steel, production restrictions by the Chinese government due to air pollution restrictions and the fact that rebar stocks in Chinese warehouses have reached historic lows are among the main reasons for the price spike. On the other hand, we have seen an increase in steel ingot for sale last month and therefore a decrease in steel production in the world by arc method, this is another reason for the increase in steel prices.
Price changes of steel ingots in 2020
The price of steel ingots in the export sector based on the dollar exchange rate is the basis for pricing upstream products of the steel industry such as iron ore, pellets, and sponge iron. The price of Khostan steel ingots in dollars is the basis for determining the prices of raw steel products such as iron ore pellets, sponge iron, iron ore cans, and. In fact, due to the large size and prosperity of steel ingot exports, the price of steel ingot Minecraft is the basis for determining the price of other steel products in the steel chain.
The price of steel ingots for sale is determined according to the world price of steel ingots based on the dollar exchange rate. Then, to estimate it in Rials, ancillary export costs such as transportation, loading, and unloading, customs costs, etc. are considered and the price of steel ingots in Rials is determined. Therefore, as you can see, world prices affect the price of upstream steel products, such as the price of iron ore concentrate, the price of iron ore pellets, and so on.