Economy, Business And Markets

MSC’s Crude Steel Output Up 7%

MSC’s Crude Steel Output Up 7%MSC’s Crude Steel Output Up 7%

Mobarakeh Steel Company produced 3.74 million tons of crude steel during the eight months to November 21, registering a 7% rise compared with last year’s corresponding period, the company’s public relations reported. Slab production accounted for 350,000 tons of the overall figure, while acid-washed and coated steel made up 2.45 million and 850,000 tons of the aggregate production respectively. MSC’s steelmaking subsidiaries, Saba and Hormozgan steel companies produced 456,000 and 736,000 tons of crude steel in the same period. Located in Isfahan Province, MSC is Iran’s largest industrial complex and Middle East’s biggest producer of flat steel products. With seven subsidiary mining companies and more than 20,000 workers, the company accounts for about 50% of Iran’s steel production.

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