The second part of the speech of the head of the stock exchange organization//.
The necessity of completing and balancing the steel chain.
▫ Referring to the topics presented at the 5th analytical seminar of the think tank of the steel and minerals industries, Saidi added: In this meeting, experts and veterans of the steel industry brought up important topics, and from these topics it is possible to extract 3 central axes for future planning of the steel industry.
▫ According to the head of the Securities Organization, the steel industry faces 3 issues, the first of which is the completion of the production chain and the balance of capabilities in various circles of the steel industry.
Saidi explained: We are dealing with an imbalance in certain parts of the steel chain. The comparison of the capacities from the production phase of the balls to wrought iron and wrought iron to ingots shows that the investments in certain circles were not made in a balanced way. This issue reveals the need to revise investment plans and develop production capabilities.
Referring to the need to pay attention to other important aspects in the steel industry, the head of the Securities Organization added: Another important issue is that one should not focus only on increasing production capacity in the initial links of the chain. Production of end products, especially special steel sections and products with higher added value, should be prioritized in development planning.
According to him, there is a question why the share of iron ore and concentrate is still significant compared to the export capacity of the final steel products. Although it is possible to create more added value with a focused investment in completing the chain.
▫ Saidi emphasized that the stock exchange organization pursues the rights of the shareholders and beneficiaries in the steel industry and said: "I believe that just like the copper industry, the weight of the steel industry can also increase in the capital market. Through investment and increasing the productivity of the units, it is possible to identify additional dollar profits in this industry."
▫ The head of the stock exchange organization, who spoke among steel industry activists and at the fifth analytical seminar of the think tank of Iran's steel and mineral industries, added: The studies presented at this meeting show that the level of efficiency in different links in the steel chain is not the same.