- Write by:
-
Thursday, April 2, 2020 - 3:27:33 PM
-
1138 Visit
-
Print
Mining News Pro - CEO of Hormozgan Steel Company announced that this company produced 1460106 tons of slab in the past year (solar year) and due to the hard work of company’s workforce.
According to Mining News Pro - Farzad Arzani, chief executive manager at Hormozgan Steel Company (HOSCO) said that last year’s production volume was a success. The production trend of slab is increasing in the last three years. Three years ago, HOSCO has set a strategic plan for production and in the first year the company had a 23.5 % jump.
“Last year, everything was different. US sanctions aimed Iran’s steel industry and made many obstacles for us however by relying on domestic strengths we overcame the difficulties and supplied many of our needs. We produced 1,460,106 tons of slab which means 1.3% increase compared to two years ago,” Arzani said.
He said that HOSCO had 40% jump in export section and total increase for exports and sales was 13%.
“Sales revenue increased 64 percent last year,” he said.
Farzad Arzani explained that the key for keeping up this improvement is hard work and solidarity. HOSCO gained good result in capacity building, production and financial benefits which is an important factor in company’s policies.
Short Link:
https://www.miningnews.ir/En/News/509380
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s ...
Cleveland-Cliffs Inc. chief executive officer Lourenco Goncalves said he’d consider another bid — with union support — ...
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Wednesday that it will hold ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
The Metals Company (Nasdaq: TMC) shares soared on Wednesday after Congresswoman Carol Miller (R-WV) and Congressman John ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an ...
No comments have been posted yet ...