Sales of TSE-Listed Mining Firms Surpass $10.6b During 11 Months

Tehran Stock Exchange-listed mining companies earned 5.66 quadrillion rials ($10.67 billion) in sales during the first 11 months of the current Iranian year (March 21, 2022-Feb. 19), 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 1.39 quadrillion rials ($2.62 billion), up 8% 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.
The state-owned company is located 65 km southwest of the city of Isfahan, near the city of Mobarakeh. It is one of the largest industrial complexes operating in Iran. MSC was commissioned after the Islamic Revolution in 1979 and initiated operations during 1993. It underwent major revamping in 2000.