فولاد

Mohammad Ali Dehghan Dehnavi, the head of the Securities and Exchange Organization, said in a meeting with the country's steel managers: "You, the managers of the country's steel industry, are the lawyers of millions of justice shareholders and you must defend their rights. Fortunately, this will and approach has been established."



Tehran, Feb. 08 (SENA) - According to the Securities and Exchange News Agency (Sena) and quoting Kalakhabar, the head of the Securities and Exchange organization emphasized: "Almost 90% of the country's population is directly and indirectly related to justice shares and their interests must definitely be defended."

He added: "We ask you, the steel producers of the country, to help us in developing the capital market and creating competition in the market, because transparency and competition will definitely help your development; On the other hand, you are the lawyer of millions of shareholders so that their rights are not violated, and this is a heavy responsibility.

Dehghan Dehnavi stated: We, as the custodians of the capital market, ask you, the producers, to clarify the horizons for the production and development of your company for the shareholders so that the value of the steel companies is shown to the shareholders.

According to him, studies show that prosperity in the steel industry is inevitable because the country's reserves and structures are available in this area.

The supply of the whole chain is realized in the Mercantile Exchange

Dehghan Dehnavi further referred to the Mercantile Exchange and added: "Iran Mercantile Exchange is in its nature a trading platform and this trading platform does not determine the price but provides a place where prices are discovered based on supply and demand;" Therefore, any mandatory price action in the Iranian Iran  Mercantile Exchange means a price deviation and a blow to the country's economy.

He stressed: "Any interference in the prices of goods, including steel in the stock market, reduces transparency and violates justice; Therefore, according to the law, the Securities  and Exchange Organization does not allow ordering pricing, which fortunately has created a very favorable interaction with the Ministry of Industry, Mine and Trade and the Minister of Industry, Mine  and  Trade himself.

The head of the Securities and Exchange organization said: "Last week, we went to the parliament with the new deputy minister of mining, and fortunately, a clear path and positive developments in the field of steel are being realized."

He added: "The outlook for the steel market in the country is very bright, so with the efforts of many ongoing efforts, all measures will be taken to offer the entire steel chain in the Iran Mercantile Exchange."

 

Comment

You are replying to: .
3 + 0 =