A member of the Rollers’ Association said: “Ingot producers are not allowed to sell directly and out of stock, and according to the rules and instructions of the Protection and Punishment Organization, any off-exchange supply is considered a violation.”
Mohammad Reza Kalami, Secretary of the Market Regulation Working Group, while in a letter to the CEO of Khuzestan Steel, agreed to supply 60,000 tons of steel ingots of Khuzestan Steel Company to the National Iranian Steel Group outside the stock exchange mechanism. He considered the existing instructions for offering all products on the stock exchange as a result of a discriminatory view of a particular collection.
Ahmad Khoroush, a member of the Rollers Association, said: “Agreeing to supply Khuzestan steel ingots to a specific group can be the result of a discriminatory view and is surprising.”
*** Do not sell bullion outside the stock market
Of course, this action may be aimed at solving the labor and internal problems of a unit;
However, there are very large climbing units in the country that need raw materials, which unfortunately are in short supply for their products, and these units also need to be supported.
Because the producers of ingots are not allowed to sell directly and off-exchange, and according to the rules and instructions of the Protection and Punishment Organization, any off-exchange supply is considered a violation.
He added: “Although it may be agreed to supply 60,000 tons of ingots directly and out of stock in connection with solving labor problems of a particular group,”
But if the ministry does not really pay attention to all units with a positive view, these problems will spread to other production units as well.
*** Hope for the action of a street teacher
Expressing hope that the head of the Ministry of Silence will follow up on this letter, Khoroush said: “Fortunately, Mr. Modarres Khiabani is following these issues with full vigilance and is looking at the issues with a more realistic view, and we hope that such views will prevent such views.” Discrimination is taken and not approved.
*** The President’s order to strengthen the stock exchange should be operational
“Fortunately, during the current week, the president stressed the need to strengthen the commodity exchange and increase the supply of steel and petrochemical products, as well as a leap,” said the member of the Rollers Association, stating that OTC supply is a strategic product that determines the price of other steel chain products. Production emphasized to increase the production of downstream steel industries with higher added value and prevent the sale of raw materials, which according to their emphasis, it is quite clear that special attention should be paid to the supply of raw materials for producers in this field in the stock market; But it remains to be seen to what extent Mr. Rouhani’s orders for a leap in production will be implemented, relying on the supply of raw materials to increase the production of units.
*** Increased steel market tension with the withdrawal from the stock market
Regarding the rumors about the withdrawal of steel products from the stock exchange, Khoroush said: “Steel products have been traded on the stock exchange for many years, and if transactions are not to take place on the stock exchange, the whole market will be discussed in pricing and how quotas are allocated.” Production is facing problems and new tensions are being created for the market.
He added: “This is while the stock exchange is a very good and transparent place for trading in this type of products.” However, increasing supply should prevent heavy competition in this market and allow the rules and regulations to be implemented properly.
*** Solution to get rid of current inflammation
A member of the Iranian Rollers Association called the exit from the current inflammation in increasing the supply and supply of raw materials needed by downstream industries and said: “According to the announced statistics, we have about 22 million tons of steel production in the country, of which only 12 million tons is domestic consumption.” For this reason, if this amount of demand of the domestic market is fully and fairly met, we will not have a problem in the market. So on the one hand, prices will be fair and on the other hand, the end consumer will not be harmed.
At the end of his speech, Khoroush reiterated the President’s remarks about the need for production leaps in the steel and petrochemical industries and said: “Unfortunately, the presence of mafia groups in front of the Ministry of Silence has prevented the problems and obstacles in achieving the production leap. Allowing existing benefits to be fairly distributed throughout the chain will reduce market inflammation. However, if these tensions continue, producers will suffer in the first place, and the final consumer will end up in the second place, and ultimately the situation will be worse than we are currently facing.
Tasnim
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