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Gov't Intervention in Steel Prices Censured

Gov't Intervention in Steel Prices Censured Gov't Intervention in Steel Prices Censured

In letters to two senior government officials on Thursday, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture called for revising the steel pricing mechanism at the Iran Mercantile Exchange.    
As per recently announced regulations, steelmakers are obliged to sell their products at the IME 25% below world market prices. 
 Masoud Khansari asked first vice president, Eshaq Jahangiri and vice president for economic affairs, Mohammad Nahavandian to set up a committee comprising TCCIM, the Iran Chamber of Commerce, Industries, Mines and Agriculture and Iranian Steel Producers Association (ISPA) to revise steel pricing guidelines, the TCCIMs public relations office reported. 

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