Oct 11, 2004, 8:44 PM

Steel, only traded commodity in TME

TEHRAN, Oct. 11 (MNA) -– Steel was the only product traded by 36,900 tons in weigh in the Tehran Metals Exchange yesterday while, there was a supply of 41,700 tons for the product. The value of the exchanged steel was 119.96 billion rials.

There was no market for zinc, aluminum, and copper. The total market index rose up by 13 units.

The figure increased by 49 units for steel index.

Iran’s steel making units have recently increased production and many have found overseas markets for their products. Experts say domestic steel trade at TME has given rise to domestic production of steel as well. Recently Esfahan Steel Co. produced new types of steel products for domestic use and for export. It is expected that the newly established Tehran Metals Exchange would absorb still more traders for steel and equal demands for zinc. Aluminum and copper.

ARA/MA

END

MNA

News ID 8392

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