Fundamental analysis by بورس24 | Bourse24 about Stock فولاد on 11/3/2023

🟢 Recently, the price of iron ore has grown, due to a financial meeting in #China, which has made the market positive. The price per tonne of iron ore is 62 percent at $ 124. The Chinese state media has announced that the government has developed a mechanism to assist local governments and respond to the rational financial demands of companies active in the field of housing. An analyst in #Shanghai says: "Liability is reduced by injecting #liquidity into the downstream market, making the market positive and demand is growing. If in #Australia, iron ore production is disrupted then prices are more supported." Another factor affecting the iron ore market is the Chinese government's plan in the field of steel production. Production may be reduced in the remaining two months by the end of this year because the government does not want to produce #steel this year more than last year. Another important issue is the status of the #factory production sectors in large economies. This section was weak and added to its weakness. @Bourse24ir www.bourse24.ir