Mobarakeh Steel Company earned 1.15 quadrillion rials ($2.9 billion) in sales during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 10% growth compared with the corresponding period of last year, according to the company’s deputy head for economic and financial affairs.
Mehdi Kuwaiti added that MSC’s sales stood at 120 trillion rials ($303.03 million) in the ninth fiscal month (Nov. 22-Dec. 21), ILNA reported.
MSC is the biggest steelmaker in Iran and the Middle East and North Africa region, accounting for about half of the country's steel production. The state-owned company is located 65 km southwest of the city of Isfahan, near the city of Mobarakeh, Isfahan Province. Commissioned after the Iranian Revolution in 1979 and operating since 1993, MSC underwent major revamping during the year 2000. It is one of the largest industrial complexes operating in Iran.
The official said a total of 508,000 tons of steel products were exported from Mobarakeh Steel Company during the same period, of which 149,00 tons were in the ninth fiscal month.
The company produced a total of 6.24 million tons of steel products during the period to register an 18% year-on-year rise.
Tehran Stock Exchange-listed mining firms sold 5.54 quadrillion rials ($13.85 billion) worth of their products in the last Iranian year (March 2021-22), registering a 71% growth compared to the year before.
According to the Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company saw the highest volume of sales during the period with 1.43 quadrillion rials ($3.57 billion), up 85%.
The National Iranian Copper Industries Company came next with 789 trillion rials ($1.97 billion), up 89%.
NICICO is a leading copper producer in the Middle East and North Africa region and its mines hold close to 14% of Asia’s copper deposits and about 3% of global reserves.
It was followed by Khouzestan Steel Company with 502 trillion rials ($1.25 billion), up 64%; Golgohar Mining and Industrial Company with 477 trillion rials ($1.19 billion), up 63%; and Esfahan Steel Company with 350 trillion rials ($875 million), up 75%.
According to IMIDRO, the approximate share of mining and mining firms in the aggregate sales volume of all TSE-listed companies was 21% in the fiscal 2021-22.
IMIDRO’s latest data say Tehran Stock Exchange-listed mining companies earned 4.29 quadrillion rials ($10.72 billion) in sales during the first eight months of the current Iranian year (March 21-Nov. 21), registering a 13% year-on-year rise in rial terms.
Mobarakeh Steel Company saw the highest volume of sales during the period with 1.024 quadrillion rials ($2.56 billion), up 12%.
The National Iranian Copper Industries Company came next with more than 513.6 trillion rials ($1.28 billion), up 7%.
It was followed by Khouzestan Steel Company with more than 319.28 trillion rials ($798 million), up 15%; Esfahan Steel Company with 282.79 trillion rials ($706 million), up 27%; and Chadormalu Mining and Industrial Company with more than 276.38 trillion rials ($690 million), down 5%.
According to IMIDRO, the approximate share of minerals and mining firms in the aggregate sales volume of all TSE-listed companies was 17% during the eight-month period.
MSC's products consist of hot- and cold-rolled sheets and coils, pickled coils, narrow strip coil, tinplate sheet and coil galvanized coil. These products comply with national and international standards. They meet the needs of various industries, such as automotive, home appliances, pipe making, pressure vessels, foodstuff, chemical material and medical packing, construction, transportation, naval industries and heavy metal equipment.
