Iron and Steel

CEO of KSC annouced:

Semi hidden and semi-obvious price bubbles in the steel market!

Semi hidden and semi-obvious price bubbles in the steel market!
Mining News Pro - Managing director of Khuzestan Steel Company (KSC), criticized the market situation and the non-professional behavior of brokers, and the government`s lack of attention to this issue, said that various ministries of the state did not have the ability to recognize the stages in the formation of production inputs.
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Khuzestan Steel Company CEO, Mohammad Kashani said during a conversation: "When the steel market becomes semi-invisible and semi-obvious, operations will end but the crystallization of self-constructed rents."

He added that while it was anticipated that the policies adopted by the Ministry of Industry, Mining and Trade would lead to the general conditions of the steel market as a strategic commodity in all stages of production, from iron ore - steel and climbing products to rational and economic justification. , Double and unjustified pressure on crude steel producers and, on the other hand, the release of hidden hands in the pricing of craft products, has imposed a significant contradiction in the provocative conditions of our country.

Taking into account the presence of speculators in the steel market, China emphasized that the continuation of such behavior can only lead to the development of retail and trading culture without any troubles.

He added: "On the one hand, steel makers in the high stock market supply their goods at a cost of 0.468$ , but on the other hand, with the price of rebar in the free market, reaching over 0.8 $ , the difference is significant, equivalent to 60% Add value to the dealership section.

Managing director of Khuzestan Steel Company emphasized: Economic Studies Centers of different ministries do not really have the ability to recognize the stages in the formation of inputs from the concentrate of iron ore to a product such as rebar and other products of rolling, which is such a significant trend in steel production ?

He added: "What if the concept of general government`s supervision of the national economy is the same, what can be expected from the conditions of non-domination of the market on the market?"

Managing director of Khuzestan Steel, pointed out the necessity of more organization of the stock exchange in distributing all steel products in the market: in a process where the stock exchange as a public interest entity can not monitor the final consumer goods, It will be questioned, a mechanism that is considered in the philosophy of the existence of discipline and support for the final loop of consumption and the avoidance of price bubbles, but when the market is semi-hidden and semi-obviously operational, the outcome, except crystallization of rents It will not be self-made.


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