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Iran's MSC boosts steel sales 18% to 6.2 mil mt in latest Iranian year

Increase font size  Decrease font size Date:2017-06-22   Views:723
Iran's Mobarakeh Steel Co boosted sales volumes by 18.21% to 6.2 million mt in the last Iranian year (to March 20), according to a Monday filing to the Tehran Stock Exchange.

The sales total included 4.49 million mt of hot rolled coil, 1.29 million mt of cold rolled coil and 284,000 mt of coated products.

MSC's total nominal capacity is 10.3 million mt of finished and semi-finished products, but the filing did not include production from its affiliated semis producer Hormozgan Steel Co. (Hosco).

The rise in sales volume combined with higher prices to more than triple net profit to IRR 17.82 trillion ($550.46 million), according to the filing.
 
 
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