Iron and Steel

Growth in Mobarakeh Steel Revenue in the First Month of New Year

Growth in Mobarakeh Steel Revenue in the First Month of New Year
Mining News Pro - The Company had 164.2 million USD of revenue in March.
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According to Mining News Pro - Improvement of production process and attractive sales rates are the reason for good revenue of Mobarakeh Steel Company (MSC) in the first month of this year (March). It is expected that in the upcoming months, sales rates of this company will increase that it will reach the monthly revenue of 214.2 million USD.

The market value of MSC is now 3.7 billion USD. The production of Mobarakeh Steel is improving and during the last few months their production was ascending. According to the reports, the company produced 410 thousand tons of hot products and 111 thousand tons of slab.

Considering the sales process of MSC in the Commodity Exchange, the company will sell about 347 thousand tons of hot rolling for 0.35 USD per kilo in average.


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