Iron and Steel

ESCO on the way to increasing production and exports

ESCO on the way to increasing production and exports
Mining News Pro - Chief executive of ESCO said that the company intends to launch its blast furnace in the founding anniversary next month.

According to Mining News Pro - Mansour Yazdizade, CEO of Esfahan Steel Company said that by launching the blast furnace, 800 thousand tons will be added to the production capacity of this company.

He says that ESCO is moving towards industrial productions and is keen to keep the exports as it is despite the sanctions and obstacles. “Currently, the country needs exchange more than ever,” he believes.

Yazdizade also commented on the organizing method of steel chain supply and demand:

“Uncertainty about iron ore pricing and its effects on raw material prices, allocation quotas to manufacturing companies, terms of supply in the commodity exchange and its possible changes puts the company’s financial performance into ambiguity.

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