Fundamental analysis by بورس24 | Bourse24 about Stock فولاد on 6/11/2024

🟣 The amount of steel production in the world's largest producers. #China is at the top with the production of about 1000 million tons of steel per year, and this country is not only the largest producer of steel, but it is also at the top of the list in terms of consumption. The amount of steel production in the world is 1870 million tons. The important point is that the decline in China's economic growth rate has not led to a decline in steel production. Of course, the government has imposed some environmental restrictions on steel factories, and probably the production of steel this year was the same as last year. The crisis in the #housing sector and the weakness of the #production sector puts pressure on steel producers and prices. These two factors have also put pressure on the iron ore market. @bourse24ir www.bourse24.ir