Will the decline in gold prices cause the price of rebar to decrease?

Given the relationship between the price of gold and steel sections, it is natural that the decline in the price of coins and gold is accompanied by a decline in the price of steel sections in the iron market. The decline in the price in the gold market indicates that the raw materials and energy required to produce steel sections such as rebar will become easier than before. This issue can reduce the final price of rebar in the market as much as possible and get the gears of the country’s damaged economy moving again.
For example, in March 2022, when the price of foreign exchange and gold in Iran fell, the hardware market also continued to decline. During this period, the price of iron beams and steel sections such as rebar fell by about 8 to 10 percent in response to the drop in gold prices.