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Friday, September 28, 2018 - 4:46:11 PM
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Mining News Pro - Mobarakeh Steel reported its first-half performance report, which reported a 46 percent increase in sales revenues, due to increased sales volumes. The company earned $ 159,357,143 to $ 233,571,429.
According to Mining News Pro -In the first half of this year, Mobarakeh steel produced 2 million and 467 thousand tons of hot products, which is 27 percent higher than last year`s 933 thousand tons. During the said period, the company`s sales of hot products grew by 27 percent to 2 million and 319 thousand tons.
During the first six months of the year, Mobarakeh Steel also produced 713 thousand tons of cold rolling and 142 thousand tons of covered sheets, which recorded both declines in production in both parts of the country, indicating that due to the demand for hot products, To supply domestic needs and produce hot products.
The production of cold-rolled steel in Mobarakeh during the last 6 months was 750 thousand tons and covered products were 149 thousand tons.
The sale of these two products included 698 thousand tons of cold rolling and 135 thousand tons of covered sheets, last year 742 thousand tons of cold rolling and 150 thousand tons of covered sheets were sold by Mobarakeh Steel.
The sales revenue of these items in the first half of the year was 9810 billion USD, up 47% from last year`s 6693 billion USD.
Studies show that Mobarakeh Steel had a growth in summer sales compared to spring. The survey also revealed that the company had dropped by 8% from the previous month due to decisions and regulations of the Fire Department and the controversial Ministry of Finance and quotas, and in part the cancellation of transactions in the stock exchange.
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https://www.miningnews.ir/En/News/270470
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