Regarding iron pricing, the president of the Iron and Steel Traders’ Union said: “Government agents in steel companies have affected the market and taken away the power of price correction from the trustees, and the stock exchange has been confused by false demand.”
Hamidreza Rastegar, president of the union, said: “Different methods have been proposed to determine the price; Of course, the reason for the change in prices in the iron market can be considered the commodity exchange.
They also said that the world commodity exchange is defined as a glass room based on real supply and demand. At present, the Iran Commodity Exchange has problems in which real supply and demand do not occur, and therefore the Commodity Exchange is not a reliable source for pricing in this area.
He added: “If we do not say in general that the government runs steel mills, we can say that government agents are effective in these companies, because the market is influenced and controlled by these factors.” And as long as these kinds of issues are observed, prices will not improve.
The Iron and Steel Traders’ Union is not fully aware of how the prices are set in this regard, the amount of production and supply in the market, and some people are involved in the distribution of this product illegally and without a license.
Regarding the price ceiling set by the Ministry of Silence, Rastegar said: “One of the important problems of our market is the conversion of the domestic rate to the international rate, while we have nothing to do with the global markets, because our domestic transactions are connected online.” They are not global and online, and unfortunately, with the increase in the global rate, prices have increased, and if the price decreases, the rate is still the same as the previous rate, and a downward trend will not be taken. These kinds of decisions are kind of arbitrary. The market is uncontrollable as long as the price of steel is tied to the exchange rates of the Nimai, Sanai or other currencies.