The price of steel is influenced by the cost of raw materials, primarily iron ore and scrap metal. West Asian countries often have abundant access to the raw materials required for steel production, such as iron ore and scrap metal. The fundamental principle of supply and demand plays a significant role in determining commodity prices. A free market promotes efficiency by allowing market forces of supply and demand to determine prices. Emirates Steel is a leading steel producer in the Middle East and produces a wide range of structural steel products, including girders. Metal is a term used to describe a class of chemical elements that exhibit certain properties and characteristics. Metals are excellent conductors of electricity. Metals have attracted human attention for centuries because people were able to use metals to make high-performance tools that they used in both warfare and logistics. In the 20th century, the discovery and extraction of oil in the Middle East transformed the region's economy. West Asia has a geologically diverse landscape that has undergone complex geological processes over millions of years. Iran is one of the important countries in the Middle East and has a multipolar economy. Iran's economy is structured based on natural resources, industry, agriculture and services. Iran has a large population and due to its rich natural resources, it has a diversified economy. Iran also has a high potential in the field of tourism services and has many tourist attractions in the historical, cultural and natural sectors. Regarding the share of Iranian marketers in world trade, it can be said that Iran is a big market that has a significant share of world trade.
