Domestic Economy
0

Iranian Steel Sales Nearly Double to $4b

Earning more than 131.17 trillion rials ($1.1 billion), Mobarakeh Steel Company was the biggest seller of steel products in Iran during the four months under review
Iranian Steel Sales Nearly Double to $4b Iranian Steel Sales Nearly Double to $4b

Major Iranian steelmakers sold a total of 477.82 trillion rials ($4 billion) worth of products during the first four Iranian months (March 21-July 22) to register a year-on-year increase of 93%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
The steel mills’ sales hit 126.38 trillion rials ($1.06 billion) during the fourth month of the year (June 22-July 22), which shows an 85% rise compared with the same month of the year before.
Earning more than 131.17 trillion rials ($1.1 billion) over the four months and 67.14 trillion rials ($563.3 million) in the fourth month under review, Mobarakeh Steel Company was the biggest seller of steel products in Iran.
The mill experienced a year-on-year growth both during the four months and in the fourth month by 100% and 90% respectively.
MSC is the largest steelmaker in the Middle East and North Africa region and one of the largest industrial complexes operating in Iran.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com