In this memo, we examine the performance of the most important symbol of Iran’s steel exchange, namely steel, which belongs to Mobarakeh Steel of Isfahan. This share has brought many ups and downs in the last six months and has been assigned different views on the investment path in different periods. In the following, we will discuss the details of the performance of these stock exchanges. Please be with Artan Press.
*** The power of Mobarakeh Steel in curbing sanctions
It is safe to say that one of the reasons why Iran was able to resist the unfair US sanctions on Iran’s industry was the performance of Mobarakeh Steel Company as a regional hub for Iranian steel production. A review of the performance of Mobarakeh Steel Company of Isfahan as the largest producer of steel products in the country shows the growing trend of production and sales, so that in addition to realizing a profit of 519 rials per share in 1998, it was able to complete its activities by the end of May this year. Experience more than 50% sales growth.
*** Admirable share of production in Mobarakeh Steel
Iran is the tenth largest steel producer in the world in annual profit reports and according to the latest statistics published in news news and steel analysis, and Iran owes this success to a large extent to the production performance of Mobarakeh Steel Company. The company’s stock pricing rates are influential on the Iranian stock exchange.
*** Steel symbol performance based on sales invoice
Mobarakeh Steel, with the symbol of the Steel Exchange, has identified sales of 5510 billion Tomans in September, which has increased by about 26% compared to the average of the first 5 months of the year. One of the main reasons for growth is rates; In hot products, the average price has reached 8287 Tomans per kilo in September
The total sales of Mobarakeh Steel Company in the first quarter was equal to 12668 billion Tomans; With the mentioned sale in September, the company’s sales reach 14686 billion Tomans. The realized profit of steel in the first quarter of the year was 18.7 Tomans.
Mobarakeh Steel was the most profitable steel company last week. In the past week, 187,409 tons of ingots and steel products were traded on the Commodity Exchange. The total value of steel transactions in the commodity exchange last week was 2982 billion tomans
*** Indication of steel symbol in Iran Stock Exchange
Iran, with a production capacity of more than 32 million tons, is the tenth largest steelmaker in the world, of which Mobarakeh Steel Company of Isfahan, with a production of 10.3 million as the largest industrial complex, has a share of over 30%.
In this regard, studies show that since the beginning of this year and along with the growth of the total index of Mobarakeh stock exchange, it has been accompanied by a significant growth, so that it has brought a return of 87.34% for shareholders. This has caused That this contribution be recognized as a major indicator element. This return is calculated taking into account all the fall in prices in August and in the most optimal case for shareholders this year has brought over 800% profit.
*** The fundamental profitability of the steel symbol
The net profit of Mobarakeh Steel Company of Isfahan in the third quarter of 1999 is about 10,613 billion Tomans, which is 71% more than the previous season (6,184 billion Tomans) and about 171% more than the first quarter of 1999 (3,911 billion Tomans). Has brought. Isfahan Mobarakeh Steel Company has made a profit of approximately 20.707 billion Tomans in the 9 months ending December 1999.
*** Value of steel symbol based on price factors
The main player in pricing in the steel symbol is the steel sheets produced in this factory, which is equal to the best standards in the world. The price of each ton of hot rolled sheets B and C of Mobarakeh Steel Company of Isfahan has increased from about 6 million Tomans at the beginning of 1399 to about 17 million Tomans in January of this year.
The price of each ton of cold sheet B of Mobarakeh Steel Company of Isfahan has increased from about 8 million Tomans at the beginning of 1399 to about 17 million Tomans in January of this year. This proves that the company will soon provide a growth path for the price of each share by increasing the capital of the trustee.
*** Mobarakeh Steel Export Perspective of Isfahan
Export prices of Iranian steel have an upward trend and this week the price of export billet increased by 6.8% and reached $ 530 per ton. Export slab prices traded up 1.2% to $ 550 per tonne. The CIS price index for the bill today rose $ 1 to $ 578 and the CIS slab remained unchanged at $ 625. Therefore, Iran’s export prices are up next week due to world prices. These are the detailed analyzes that have been obtained from the stock price of Mobarakeh Steel and have created a positive outlook for this share.
*** Crossing the steel symbol through the correction path
At present, the dollar price per share of steel is equal to 5 cents. Technical assessments show that, contrary to the rial price chart, the stock price has adjusted well due to the free market dollar price and is very close to its dollar trend line. The 36-month beta had a share of 1.26 units, which means that the volatility of steel was 26% higher than the average market volatility during the period.
The one-year return of the share was 505%, but during the last one and three months, it had a negative return of 9.8% and 25.7%, respectively. Mobarakeh Steel is a manufacturer of steel sheets, coils and coils, which are divided into three main parts: hot, cold and coated products. Two ranges may prevent further price reductions. The range of one million and 120 thousand, the range of one million and 80 thousand units, can be considered as important support numbers of the studied index in the coming weeks.
*** Export; The main pillar of profitability of the steel symbol
It should be noted that exports are the most influential factor in the profitability of steel companies, which in addition to the possibility of supplying raw materials and equipment needed for production from export revenues due to constant exchange rate fluctuations, also achieves good profits for companies.
It is worth mentioning that Mobarakeh Steel of Isfahan has produced 113 million tons of various steel products since the beginning of its activity, of which 92 million tons have been delivered to the domestic market and 21 million tons to export markets. These were extraordinary reports released by stock market steel companies on their performance in the first nine months of this year. The performance of steel companies in the first 9 months of this year has been astonishing and these companies have experienced a big jump in their profitability.
*** Steel is a symbol of value in the Iranian stock market
This good performance in the first 9 months of this year shows that steel companies, especially Khuzestan Steel, are all fundamental symbols of the capital market, and sooner or later, reports of extraordinary performance will be reflected in their stock prices. In general, it should be announced that steel One of the stocks with high potential for growth after the operation of the base volume in the stock market and also divergences were not observed in the MacD and RSI indicators, so it seems that compared to the possible fluctuations of the male currency, its value in the stock market Save Iran in the coming weeks.
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