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31 May
01:00

Mobarakeh steel output surges 17% in Jan-Apr, capital increase approved

Crude steel production at Iran’s largest steelmaker, Mobarakeh Steel (MSC), inclusive of its subsidiaries, grew 6% on-year in April to 652,000 tonnes, Kallanish learns from the majority state-owned company. This took January-April output to 2.56 million tonnes, up 17% on-year. In the four months MSC’s main steelworks south of Esfahan produced 1.9mt, up 20%; hot strip mill Saba Steel produced 251,288t, up 3%; and slab producer Hormozgan Steel 399,…
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