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MSC Retains Top Spot in Fiscal Q1 Steel Output

MSC produced 2.12 million tons of finished steel (down 4%) and 2.6 tons of semi-finished products (up 10%) in the first quarter to keep the top spot in Iran’s steel production
MSC Retains Top Spot in Fiscal Q1 Steel OutputMSC Retains Top Spot in Fiscal Q1 Steel Output

With 4.72 million tons of output, Mobarakeh Steel Company had the largest share of steel production in Iran during the first three months of the current fiscal year (March 20-June 20).
The company produced 2.12 million tons of finished steel during the period and registered a 4% decline compared with last year’s corresponding period.
Close to 2.6 tons of semi-finished products were produced by MSC, up 10% year-on-year, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
MSC’s total output over the month ending June 20 exceeded 1.54 million tons: 660,490 tons of finished steel, down 9% YOY; in addition to 880,461 tons of semi-finished steel, up 9% compared with the corresponding period of last year.
Located in southwestern Isfahan, Mobarakeh Steel Company is the biggest steel producer in Iran and the Middle East and North Africa region.

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