Fundamental analysis by فردای اقتصاد about Stock فولاد on 6/25/2024

Will the restriction on steel exports be stopped? ◻️ The development programs of the country emphasize on steel production and its export, and it is expected that the necessary platform will be provided for more production in the steel chain, but the recently taken decisions have put obstacles in the way of the development of this industry. Last year, the amount of non-oil exports of the country was announced as 49 billion dollars, of which the share of the steel chain is 7.6 billion dollars. It was expected that this figure will increase this year with the support of steelmakers, but in the resolution issued by the Central Bank's foreign exchange working group, all steel value chain producers are obliged to meet the 100% foreign exchange obligation in the Nima system from the beginning of the year, even in the conditions that the free price gap and Nima has a significant difference. Meanwhile, the statistics indicate a decrease in steel exports in the first two months of the year by 400 million dollars compared to the same period last year. . ◻️ Estimates also indicate a loss of three billion dollars to the production of the steel chain due to energy restrictions. In this situation, should policymakers' decisions change in favor of the players in this industry? #Enterprise_Economy ◻️ Video media of the future of economy ⬇️ @Feghtesad