- Write by:
-
Monday, September 24, 2018 - 11:26:54 AM
-
1463 Visit
-
Print
Mining News Pro - Director General of the Mining Industry Bureau of the Ministry of Industry, Mining and Trade said: the liberation of the ceiling for competition in the gas reserves for steel will definitely have a positive impact on the market in the short term.
According to Mining News Pro - Seyfollah Amiri stated that while the release of the ceiling of the competition in the hands of the steelmakers has been released, but at the same time a fixed price has been set, it will easily be broken down in the next few bids on the Stock exchange deals.
He stated that our goal is to meet internal demand, according to the conditions created, only steel companies are allowed to export their products on the stock exchange.
Amiri assured that in the coming months steel will be supplied to the country and the problem of steel consumers will be resolved.
Also, with the emphasis on the necessity of disposing of the steel market speculators, he reminded: "If we can cut the dealers out of this market and deliver the goods without intermediaries to the hands of the producer, it certainly undoubtedly has a very strong impact on price cuts."
Amiri added: Brokers and speculators are causing market problems. Why steel production has been even greater than in previous years? Of course, supportive and supervisory organizations are very active in this matter, and speculators are forced to supply steel on the market by identifying them.
Short Link:
https://www.miningnews.ir/En/News/267826
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
Impala Platinum could cut 3,900 jobs as it restructures its South African operations due to lower metal prices, the ...
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding ...
No comments have been posted yet ...