Positive Capital Outlook for Mobarakeh Steel Company
Mining News Pro - MSC intends to increase the capital by 62 percent for the next year.
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According to Mining News Pro - Mobarakeh Steel Company (MSC) has decided to increase its capital by 62 percent for the next year. The important thing is they want to do it by their retained earnings. By realizing this target, the current $1bn capital will be increased to $1.75bn in the next year.

The main plan for this capital increase is by purchasing and reserving electrodes for 18 months and buying 3 million tons of iron ore. It includes 80 percent of this plan.


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