The entry of the entire steel chain into the stock market
According to Trade News, the Steel Association has recently protested against the realization of mineral raw material prices, while steelmakers have always sold their products at world prices, but have objected to price realization in other links in the steel production chain.
In this regard, Ali Akbar Karimi, a member of the Parliamentary Committee on Industries and Mines, announced: “This extravagance by some steelmakers will be removed with the approach of the Ministry of Silence and the support of the parliament, and the whole chain will grow in balance by entering the stock market.”
A member of the Parliamentary Committee on Industries and Mines said about the steelmakers’ protest against the realization of raw material prices: “It is not logical and fair that a link in the chain is trying to take over the market in certain conditions and increase the price in its favor.” Necessary monitoring and control should be applied in this field and the profits from production and sales should be distributed rationally and fairly in all steel chains.
Ali Akbar Karimi said: “A plan has been prepared in this regard in the parliament, which oversees the entry of the entire steel chain, including mines and minerals, and finally steel ingots, steel products, sheets, pipes and steel sections in the stock market, because from the past until now this There has been a problem that some sectors in the steel production and industry chain are making significant profits, but other sectors in the chain are either making little profit or may even make a loss.
He added: “Therefore, it is necessary to apply the necessary monitoring and control in this field and to distribute profits in all steel chains to different parts of the chain in a logical and fair manner, which will be pursued in the plan proposed in the parliament and industries.” They also follow this segment, so it is not logical and fair for a link in this chain to try to sell its products at world prices, generally by buying cheap and state-owned raw materials.
A member of the Parliamentary Committee on Industries and Mines stated: “One of the important points emphasized in this plan is that the priority is to supply domestic production units so that in terms of raw materials in each link of the production chain and until domestic demand is not met.” , Exports should not be allowed, because logically exports are surplus production that exists in the country, but when steel units need raw materials such as iron ore, sponge iron or steel ingots, these products should not be exported.
Karimi pointed out: “Therefore, it should be noted that according to the approach of the Ministry of Silence and Parliamentary Cooperation, all companies are required to first offer their products on the stock exchange and if they have not purchased, they are allowed to export it.”
Source: فارس