MSC Sales Hit $2.9b in 3 Quarters

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.