Iranian Steelmakers Post Strong Growth in Sales
Major Iranian steelmakers had a good run during the first 11 months of the current fiscal year (March 21-Feb. 19), as they unanimously posted double and some even triple-digit growth in their sales value.
A large part of the growth came in Bahman, the 11th month of the year (Jan. 21-Feb. 19), as steelmakers capitalized on a devalued rial alongside improving global market conditions to boost sales.
This is clearly evident in the disparity between output and sales volume growth compared to sales value, according to data available on Codal.ir.
The seven steel companies analyzed are all listed on either Tehran Stock Exchange or the over-the-counter exchange Iran Fara Bourse and operate on the upper echelons of the industry.
Premium
To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.
You will not be charged for your trial and there is no obligation to purchase.
Add new comment