How is the daily price of iron determined? Examining the factors affecting the fluctuation of iron prices

The price of iron and steel in the Iranian market is not constant and may change in short periods. Factors such as exchange rates, global steel prices, supply and demand, raw material prices, energy costs, transportation, seasonal construction conditions, and economic policies have a direct or indirect impact on the daily price of iron. Understanding these factors helps buyers, contractors, and market participants choose the most appropriate time to buy and place their orders with more awareness.