Steel order pricing is a hot topic in the steel industry news these days. It all started when the Samat plan went to the parliament for orderly pricing, and this issue was met with a lot of criticism from artisans and steel producers and some of its buyers. In this memo, we evaluate the views of proponents of grammatical pricing in commodity exchange . Please be with Artan Press.
It seems that the policymaker of the steel sector intends to continue to repeat its mistakes in order to act in the market, especially in pricing. Mandatory pricing of steel products and orderly reduction of their prices has been done many times by the Ministry of Silence. For example, in July 1997, with the increase in the price of steel products, the Ministry of Silence reduced the supply price in the commodity exchange. He did not have a few pockets.
*** Grammatical action in economics
In principle, ordering action in the economy, and especially in fiscal policy, has not been condemned and has failed, which even in the short term will not have the necessary efficiency and will deepen the price crisis in the steel chain. A clear and failed example of the ordering pricing policy regarding the pricing of USD 4,200 can be announced, which sent very heavy rents to private companies and increased many industries and markets by increasing the price in a range of less than 9 The moon accompanied.
Moreover, this policy has had a very negative impact on the capital market and has pushed the shares of steel companies into the buying queue, which also contradicts the strategy of market equilibrium and maintaining real supply and demand in the commodity exchange. This issue in itself can have consequences for the country’s economy. Apart from the effectiveness or ineffectiveness of this policy, we must see by what right does the policymaker take the interests of the small and large shareholders of steel companies from their pockets and distribute them in the market?
*** Order ordering was denied in the commodity exchange?
The issue of orderly pricing in the commodity exchange and for the category of steel products has been denied in recent times, but today the news of the submission of this bill to the Majlis Industrial Commission has been spread and has caused abnormal fluctuations and movements in the steel market. This series of denials and endorsements aggravates the atmosphere of the steel market and causes the market oscillators to create false sentiment by creating an emotional atmosphere and forming buying queues in the commodity exchange.
The head of the Bori organization, as one of the main opponents of grammatical pricing, has announced his expert opinion on this law. He stated that the recent decision on the pricing process and setting a competition ceiling for steel products on the Commodity Exchange will only result in the distribution of rents and the loss of the rights of 50 million shareholders.
Dr. Hassan Qalibaf Asl, Head of the Stock Exchange and Securities Organization, while stating this matter, said: “Some possible future decisions in the field of pricing and setting a competition ceiling for steel products in the Commodity Exchange indicate the repetition of the wrong actions of 1997 and interference in the intrinsic process of the economy.” Is. He continued: “Based on previous experience, this measure will not have any useful results and will only lead to the distribution of rents among certain people.”
*** The basis of steel pricing
Price indices in Chinese ports are determined based on metal bulletins and reliable sources. Following this, we determined the price of steel ingots based on the price coefficients of the world steel chain. In a way that the price of relative concentrate is between 19 to 25 percent, pellets up to 33 percent and sponge iron is almost up to 60 percent of the price of global steel ingots. Becomes.
The head of the Mines and Mineral Industries Commission of the Iranian Chamber of Commerce considered the appropriate solution to end conflicts and inflammations of steel in determining the coefficients of the steel chain and added: It responds better than the state of order and government intervention. Of course, sometimes the opposite happens and benefiting from a part of the chain causes damage to the position of the Iranian Chamber of Commerce.
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