On December 13, Dr. Mohammad Ali Shirazi, CEO of Iran-Exchange, along with Dr. Seyed Mehdi Alamolhoda, Deputy of Admission at Iran-Exchange, visited Neyriz Ghadir Steel Complex in Fars Province, one of Iran's largest producers of pellets and DRI. The purpose of this visit was to examine the process of admitting this complex to Iran-Exchange and to take a step towards transparency in the trading of pellets and DRI on the exchange.

Ghadir Neyriz Steel Complex, a Pioneer in Transparency

During the visit, Dr. Shirazi praised the actions taken by the Ghadir Neyriz Steel Complex, recognizing it as one of the most organized and transparent steel companies that have applied for admission to Iran-Exchange so far. He highlighted the complex's distinguished history in producing and supplying pellets and DRI, noting transparency as the key to the company's success in progressing and enhancing transparency in trading these items on the exchange.

Benefits of trading of pellets and DRI on the exchange

The CEO of Iran-Exchange enumerated several benefits of admitting the Ghadir Neyriz Steel Complex to the exchange, which will favor both buyers and sellers of pellets and DRI. These advantages include:

• Increased transparency in transactions of pellets and DRI
• New investment opportunities in this sector
• Reduced financing costs for producers
• Enhanced liquidity of shares
• Improved brand and market position of the complex
• Determination for Admission to Iran-Exchange and the Prosperity of Pellet and DRI Trading

Dr. Mostafa Pour, CEO of  Neyriz Ghadir Steel Complex, also outlined the complex's plans for admission to Iran-Exchange and increasing transparency in the trading of pellets and DRI during the visit. He expressed hope that with the cooperation and assistance of Iran-Exchange, this objective would be achieved promptly.

A Significant Step Towards the Development of the Steel Industry and Transparent Trading of Pellets and DRI

The admission of the Neyriz Ghadir Steel Complex to the Iran Exchange could be considered a significant step towards developing Iran's steel industry and transparent trading of pellets and DRI on the Exchange. This move, in addition to benefiting the complex itself, could contribute to the market growth of pellets and Iran-Exchange exchange and increase transparency in trading these strategic products.

The entry of the Neyriz Ghadir Steel Complex into the Iran Exchange is expected to boost investor confidence and further enhance the trading of pellets and sponge iron on the Exchange.