Seyed Javad Jahromi, Managing Director of Iran Mercantile Exchange, during a visit, became familiar with the production capacities and development process of Sanabad Industrial and Mining Company (SIMIDCO).(According to chilan)

He noted: pellet deposit certificate transactions will soon be launched on the commodity exchange and added: Considering the favorable production capacity and inventory of Simidco, these trades in order to help finance production will start; a measure that will pave the way for the growth of investment and public participation, even with small capitals, in the process of production and industrial development.

The Managing Director of Iran Mercantile Exchange stated:

 Using financial instruments of the capital market in line with production can play an important role in the growth of employment in the region and the promotion of public welfare.

SIMIDCO is a subsidiary of Khuzestan Steel Company, operating in the Sangan mining area of Khaf city, located in southeastern Khorasan Razavi province. The company has an annual production capacity of 2.5 million tons of concentrate and 2.5 million tons of pellets.