Conference, Notes and Press Conference

HOSCO Export 55 Percent of Their Products

HOSCO Export 55 Percent of Their Products
Mining News Pro - Hormozgan Steel Company also plans to export 960 thousand tons of its products this year.

According to Mining News Pro - Farzad Arzani, CEO of Hormozgan Steel Company (HOSCO) said that the company has spent more than 113 thousand USD for social responsibility.

“I condemn the selling of mining raw materials. It is horrible. If we are not able to supply raw materials, more than 70 thousand people will be troubled.”

“Now that we endure sanctions, exports are a very important factor for HOSCO while we must try to focus on explorations more than ever,” said Arzani.

He mentioned that more than 55 percent of Hormozgan Steel products are being exported and they have 960 thousand tons export plan for this year.

Arzani requested for facilitation of export terms and conditions. “This year, our company planned to develop from 5.1 Mt to 3 Mt with 250 thousand euros finance but sanctions are a big obstacle which stopped this goal.”

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