The steel market bubble in recent months has been linked to changes in the dollar, something that analysts have not overlooked. The maximum allowable base rate for ingots is 14,580. With a simple calculation, it can be concluded that the steel market bubble fluctuates around 8% negatively.
Reports also indicate that the total volume of approved foreign investment in industry, mining and trade from the beginning of this year to the end of last month was $ 850 million, which represents an increase of 11.5% over the same period last year. Give. Some analysts are aware that the mining sector alone can meet all of Iran's needs for self-sufficiency and currency.
Iranian billet increased slightly in the week to Wednesday October 14, with traders accepting higher prices in the latest round of bookings.
Isfahan Mobarakeh Steel Company was officially established in 1969 as a company with a special joint stock company, and in 1372, with a change to a public joint stock company, and after 13 years from the date of its public joint stock company, this company officially entered the stock exchange with the steel symbol. From this date, small and large shareholders were attracted to this symbol and a part of the capital market was allocated to the transactions of this popular symbol.
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.
Yesterday, the Iranian Steel Producers Association published the latest report on the production performance of Iranian steelmakers, which estimated that in the first six months of the year 99, the combined figure of Iranian steel production was 14 million and 392 thousand tons.
Based on the latest exchange rate in the Nima system on 14 October, the purchase price of the dollar was set at 23 thousand 689 Tomans and the purchase price of the euro at 27 thousand 771 Tomans. The selling price of the dollar in the Nima system was 23 thousand 259 Tomans and the selling price of the euro was 27 1,551 Tomans has been set.
The metals group in the Iran Stock Exchange is one of the key groups that guarantees the main structure of the Tehran Stock Exchange and the factors influencing the promotion and growth of the Iran Stock Exchange. This group includes 39 active symbols in the Iranian stock market and Farabous market, all of which are valued based on the latest supply and demand announcements and daily pricing, and sometimes inserting important news from one of these symbols can affect the performance of other symbols.
in excess of the need that is the same (both meet domestic needs and be ready for export that is) these problems are really ugly for these parent industries in the country that the axis of development can be introduced
Unfortunately, since the price of the dollar experienced an irrational increase, mineral, steel and iron goods in the market were looked at as capital goods, and any commodity that has the potential for capital will not be left out of the eyes of brokers and intermediaries. The spectrum of people in the market causes disorder and disrupts the natural process of supply and demand
According to the reports of upstream organizations (based on the base year of 2018), Iran's nominal steel production capacity will be about 38 million tons by 2020, which has been achieved this year, and Iran's export reports even in foreign information channels such as Steel Mint and Metal Bulletin has been recorded and reported with an increase of 11% compared to the same period of the previous year. This is at a time when most steel-producing countries have stopped production due to the corona virus epidemic or have met only domestic demand by reducing production.