Fundamental analysis by بورس24 | Bourse24 about Stock فولاد on 4/4/2024

In recent days, the price of iron ore with a grade of 62% in China has fluctuated in the range of $100 per ton. On the one hand, some published reports of China's economy are positive, and on the other hand, the crisis in the #housing sector of China, which is the largest consumer of #steel in this country, continues, and this factor prevents the growth of iron ore prices. The supply of iron ore by large companies continues without interruption. The predictions of the #Australian government about the price of iron ore this year and the next two years are worrying, in the sense that the Australian government believes that the prices will gradually decrease and reach the range of $80. The Chinese government has not taken big enough measures to revive the housing sector. #Iron ore storage in #China's ports has reached 142 million tons, which is the highest amount since last year. @bourse24ir www.bourse24.ir