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01 Mar
16:55

Mobarakeh forecasts 11% shipments increase next Iranian year

Mobarakeh Steel (MSC) has forecasted sales of 6.98 million tonnes of steel for the Iranian year ending 20 March 2018, which would be up 11% on the current year. The forecasted sales are expected to generate revenue of IRR 119.9 trillion ($3.7 billion), up 21%. One reason for the increased sales is the new 1.8 million tonnes/year continuous slab caster no.5, which is currently undergoing commissioning. Of the firm’s projected sales next Iranian year, 76% ar…
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