The importance of iron ore in the Iranian capital market

Gol Gohar, Chadormello and Sangan, one of Iran's recognized and major iron ore producers, have higher revenues than other iron ore and mining firms.

If we look at the position of the iron ore industry in the Iranian capital market, 29% of the stock market value consists of base metals, and iron ore accounts for about 40% of this amount. For this reason, iron ore has a special importance in the field of metals, and its total market capitalization is over 11%.

According to metal and mining analyst Massoud Jafari, iron ore is mined in the country at a depth of 200 meters. On the other hand, while there is a lack of machinery in the field of exploration and preparation, manpower is seen as an advantage on a global basis in terms of mining exploration and activities. Thus, the products are sold at a good rate and generate a profit margin of over 60%. Due to the fact that steel prices in the world have increased due to iron ore, the policy applied in the sector has decided to link the last price released with global prices. In addition, with the abolition of the tariff, companies' quotas were determined on the commodity exchange and manufacturers were given the opportunity to supply their products domestically and abroad.