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Commendation of SSMIC by the Minister of Economy SSMIC Recognized as a Leading Company in Commodity Deposit Certificates

According to the Public Relations Department, in a ceremony attended by the Minister of Economy, ministry deputies, and Saeed Zarandi, CEO of Mobarakeh Steel Group, Ali Rasoulian and SSMIC were honored as one of the top companies issuing commodity deposit certificates. A plaque of appreciation was presented to Dr. Ali Rasoulian, CEO of SSMIC, in recognition of the company’s special initiatives and effective participation in commodity deposit certificate transactions—an innovative and significant step in expanding financial instruments.

SSMIC, as one of the most important upstream companies in Iran’s steel production chain, has taken major steps in financial and commercial innovation, boosting investment growth in eastern Iran, facilitating financing processes, and improving working capital management. These efforts to strengthen interaction between industry, production, and financial markets provide a solid foundation for growth, particularly in the mining and steel sectors.

Commodity deposit certificates, as a modern economic approach, enhance financial transparency for companies and organizations, enable investor participation in product manufacturing, and guarantee delivery at maturity. This mechanism accelerates and facilitates sustainable development in the country. The role of SSMIC, as the largest producer of pellets and concentrate in eastern Iran, is highly significant in this regard. By offering commodity deposit certificates, SSMIC also contributes to more effective pricing of pellets in physical transactions, ultimately strengthening the national Commodity Exchange.

 

 

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