- Write by:
-
Saturday, December 7, 2019 - 4:00:10 PM
-
1117 Visit
-
Print
Mining News Pro - CEO of Mobarakeh Steel Company said that considering new measures and approaches by IMIDRO, steel industry is removing the currency crisis.
According to Mining News Pro - Hamidreza Azimian, CEO of Mobarakeh Steel Company said that aftershocks of currency crisis made huge problems for steel industry in Iran by money transfer disruption. But new measures and approaches of IMIDRO with the help of Iran Central Bank are solving the problems and removing the obstacles.
Azimian insisted that during the last 30 years there has been an upward trend in capacity, production, and quality of MSC products and raw materials.
The new project increases the hot coil capacity by 4.5 Mt.
“The products of this projects are used in oil and gas industry, automotive industry, home appliances, building equipment and etc. It also increases the quality and decrease the costs,” He said.
“We hope to implement this project in the coming months and reach operation within next two or three years,” Azimian explained.
MSC sold $1.5bn of its products and raw materials during H1 and saved $653.5million.
Short Link:
https://www.miningnews.ir/En/News/453810
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
No comments have been posted yet ...