61714
ESCO Zeros In on Exports
Economy, Business And Markets

ESCO Zeros In on Exports

Esfahan Steel Company plans to boost longs exports to 1 million tons by the end of the current fiscal year (started March 21) from last year’s 700,000 tons, ESCO’s head of sales and marketing said.
“Our products have already been presold for this month and the next,” Ehsan Dashtianeh was also quoted as saying by Foolad News.
ESCO’s export destinations include Iraq, Afghanistan, the UAE, Oman, Kuwait, Jordan, Germany, Belgium, the Netherlands, Sudan, Turkey, Taiwan and Thailand.
ESCO recently opened its online sales platform, becoming Iran’s first steel market player that uses a digital system for selling steel products.
“The initiative is aimed at eliminating intermediaries and providing easier access to all buyers of our products,” Ahmad Sadeqi, a company official, has been quoted as saying.
Currently, billet is excluded from the option and only finished steel products are available for sale. The minimal order is 24 tons (one truckload).
Only domestic sales are possible for the time being through the online system. However, ESCO intends to launch overseas online sales in the near future.
Esfahan Steel Company was Iran’s third largest steel exporter during the 10 months to January 19 by exporting 465,544 tons of beams, rebar, coils and ingots, indicating a 4% rise year-on-year.
ESCO’s export volume dropped for all products during the period.
Nonetheless, the Isfahan-based producer exported 6,563 and 2,868 tons of rebar and beam during the 10th Iranian month of Dey (Dec. 21-Jan. 19) last year, which shows a 68% and 77% rise respectively.
Founded in 1971, ESCO is Iran’s third biggest steelmaker and largest long steel producer directly controlled by the Ministry of Industries, Mining and Trade.

Short URL : https://goo.gl/wNcLbI
  1. https://goo.gl/mE6koz
  • https://goo.gl/Q4tbTZ
  • https://goo.gl/Je30Ff
  • https://goo.gl/unnn2y
  • https://goo.gl/ZiEFl3

You can also read ...

Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...
IRIB Mulls Issuing Bonds
The Islamic Republic of Iran Broadcasting is considering...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus