Economy, Business And Markets
0

Iran’s Biggest Steelmaker Registers Solid Growth

MSC sold 6.3 million tons of steel products worth over 140 trillion rials ($3.1 billion) from March 21 to Feb. 19, indicating a 10.47% and 54.97% growth in tonnage and value respectively compared with last year’s similar period
Hot-rolled coil was MSC’s main steel production during the period under review with output reaching 3.74 million tons.Hot-rolled coil was MSC’s main steel production during the period under review with output reaching 3.74 million tons.
MSC produced a total of 6.26 million tons of steel products during the 11-month period under review to post a 13% YOY growth

Iran’s largest flat steel producer Mobarakeh Steel Company ended the 11 month of the current fiscal year (Feb. 19) with robust growth in sales value and double-digit upticks in production and sales volume.
MSC sold 6.3 million tons of steel products worth over 140 trillion rials ($3.1 billion) during the period, indicating a 10.47% and 54.97% growth in tonnage and value respectively compared with last year’s similar period, according to latest data released by the company on Codal.ir.
The steelmaker has so far realized 97% of its sales target for the year and only requires 3.6 trillion rials ($81.55 million) more to reach it.

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