Iran's SKS Banks on Exports to Ramp up Production
Iran's SKS Banks on Exports to Ramp up Production

Iran's SKS Banks on Exports to Ramp up Production

Iran's SKS Banks on Exports to Ramp up Production

Iran’s Kish South Kaveh Steel, otherwise known as SKS, which entered the merchant billet market at the end of 2015, intends to reach higher utilization by focusing on exports.
During the first nine months of the current Iranian year (started March 20, 2016) SKS produced 393,874 tons of billet, 35% of which were sold to Jordan, Malaysia, India, Morocco and Thailand, Metal Expert learnt from a company representative. 
In value terms, the export shipments stood at $56.7 million.
Taking into account SKS’s production capacity of 1.2 million tons per year, the average utilization rate over the period under review is estimated at less than 50%. The company, however, intends to ramp up steel output owing to foreign sales. 
“We hope to export $100 million in terms of value by the end of current Iranian year. This is SKS’s great target. Our ultimate goal is to enhance the export share of billet to 80% from the current 35%,” the company source said.
SKS has promising export potential, as it takes advantage of proximity to Bandar Abbas Port and consequently lower transportation cost. 
Logistics is one of the sensitive issues for Iranian steel producers, which restricts their export performance.
SKS continues to implement its investment program. It plans to double its capacity to 2.4 million tons per year under the second phase of expansion in Q1 2018.

Short URL : https://goo.gl/9AVUcc
  1. https://goo.gl/2Wgb3I
  • https://goo.gl/Edyxyc
  • https://goo.gl/R3O0A6
  • https://goo.gl/Ti6XQq
  • https://goo.gl/WI5dr6

You can also read ...

Guidance Forum for Startups
The local accelerator Novintech is set to hold a Q&A...
Fresh Forex, Gold Coin Rally in Tehran Market
After a period of calm, the US dollar is once again surging in...
SpaceX founder Elon Musk says block 5 boosters should be able to fly 50 to 60 times with minimal refurbishment between flights.
Lighting up the deep overnight sky, a SpaceX Falcon 9 rocket...
Iran, Iraqi Kurdistan to Set Up  Industrial Town Along Border
The construction of an industrial city will soon start near...
Isfahan Airport to Increase Plane Parking Capacity
Isfahan International Airport’s parking project has started...
Seafood Exports Earn $50m in 2 Months
About 16,000 tons of seafood worth close to $50 million were...
Iran-Europe Business Center Hosts Talks in Berlin to Foster Tech Ties
A meeting has been held between Iranian and European startups...
Only 2% of Iranian Production  Units Have R&D Departments
From around 98,000 economic and industrial production units,...

Add new comment

Read our comment policy before posting your viewpoints