Iron and Steel

HOSCO: 80 Percent Growth from Product Sales

HOSCO: 80 Percent Growth from Product Sales
Mining News Pro - Hormozgan Steel Company sold more than $510.9 million of products last month which had 182 of growth compared to the same period last year. Also, the company had 52 of sale boom since December.
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According to Mining News Pro - The sales growth is due to rate increase of the products.

During the last 10 months of 2019, Hormozgan Steel Company has established a capital of $1.9 billion.

Steel sales of HOSCO in October, November and December is respectively $40.2 million, $41.7 million and $33.2 million. Nine months profit based on new capital had a good trend. Although the global prices made an impact on trades.

By 47% increase compared with November, HOSCO sold 171 thousand tons of slab in December. The average sales rate of this product grew by 4.5%.

In the last 10 months, Hormozgan Steel produced more than 1,219,000 tons of slab. 298,000 tons of this products has been sold.


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