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Wednesday, August 1, 2018 - 7:54:35 PM
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Mining News Pro - The chairman of the Union of Iron, Steel and Metal Sellers said that the country`s devaluation and liquidity of the wand have led to an increase in iron prices by 20% over the past month, while the rise in the dollar has led to an increase of $ 0.2 in Iron during the past 48 hours.
Mohammad Azad said in recent days that iron prices have risen: "The economic turmoil has caused prices to rise steadily by manufacturers, while commodity exchanges do not affect the price increase."
The head of the Union of Iron, Steel and Metal Sellers continued: Exporters receive their goods directly from the producer, and the goods offered on the stock exchange are exclusively for domestic consumption, but it is unclear on what basis its price is calculated at the global rate, while the consumer Iranian is paying the Rial.
He said: "We want the Ministry of Industry to set a basic price and then put it at the stock exchange." There is now a base price and an auction is being made, but nobody knows what reference will set this base price and the stock will also be stripped of its responsibility.
On the other hand, the devaluation of the country and the widespread liquidity have led to an increase of 20% in iron prices over the past month, while the rise in the dollar has led to an increase in the price of iron in the past 48 hours," Azad said.
He noted that this increase would slow down construction and increase the cost of finished products for its steel and iron products, such as home appliances and cars.
My question is how much people should be prepared to raise prices," said Free. Is this to be a few percentage points? How much is iron and metal prices going to be? These are the questions that we themselves are looking for in which the men`s government is better off to answer.
Short Link:
https://www.miningnews.ir/En/News/228005
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