January 05, 2023 19:57

Listed Mining Companies Earn Over $12 Billion in Q1-3 Sales

Mobarakeh Steel Company saw the highest volume of sales during the period with 4.86 quadrillion rials ($12.07 billion, up 10% YOY)

Tehran Stock Exchange-listed mining companies earned 4.86 quadrillion rials ($12.07 billion) in sales during the first nine months of the current Iranian year (March 21-Dec. 21), registering an 11% year-on-year rise in rial terms.
According to data released by Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company saw the highest volume of sales during the period with 1.14 quadrillion rials ($2.83 billion), up 10% YOY.
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.

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