Iron and Steel

Mobarakeh steel market value reached 40 trillion tomans per year / Mobarakeh`s 200% gain for shareholders

Mobarakeh steel market value reached 40 trillion tomans per year / Mobarakeh`s 200% gain for shareholders
Mining News Pro - Mobarakeh Steel Company`s chairman of stock and assemblies in Esfahan announced the increase in net profit of the company and said: Mobarakeh Steel Company has been able to earn the most net profit since its exploitation in the past year.
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According to Mining News Pro -Morteza Shabani, said the net profit of Mobarakeh Steel was 6 trillion Tomans, adding that increasing production and exploitation of such projects as Sangan Pellets, increasing the capacity of Saba Steel, along with increasing the price of steel products, increased net profit in 96 years. .

He predicted a net profit increase of 97, saying: "Fortunately, there was no loss in the holding of Mobarakeh Steel, and Hormozgan Steel has been able to gain over one thousand 250 billion Tomans in the 6 months of this year.

He said that the production of Mobarakeh Steel Company was 12 percent, and said the output in the first six months of the year was 96, 3 million and 250 thousand tons, which has reached 3 million 650 thousand tons in the first six months of this year.

The head of the stock affairs and assemblies of Mobarakeh Steel Company of Isfahan also reported a 27% increase in the production of hot products and said the output of hot products has risen from one million 933 thousand to 2 million 467 thousand tons.

Shabiqi called for exploitation of development projects due to increased production and said: Operation of the casting machine No. 5, the opening of Sangan pelleting and increasing the rolling rolling capacity of Saba has increased the profit of the Maldives steel mill.

The head of stockbrokers and assemblies of Mobarakeh Steel Co. of Isfahan announced the increase in continuous rolling capacity of Saba from 700 thousand to 1.6 million tons.

He said: Mobarakeh Steel Company has a valuable portfolio of shares in Golgohar, Chadormalou, Metals, Hormozgan and Sangan Steel, which earned 830 million USD from the company`s profit in the past year.

The company reported a 11% growth in sales, a 12% increase in production, and a 46% increase in sales in the first six months of the year compared to the same period last year.

Head of Stock Affairs and Assemblies of Mobarakeh Steel Company of Isfahan said: "Given the growth in prices in the market over the past 18 months, 200% of the stock has been yielding to the stock, which is very stunning.

The company`s main shareholder was a weak, medium-sized corporation, saying that 30 percent of Mobarakeh Steel`s shares are for equity, 16 percent for social security and 2 percent for nomadic and rural funds, which are considered low society.

He said that the value of the steel market has risen from 9,000 to 600 billion USD in 1993 to 40 trillion dollars this year, which is due to proper management and cost-effective investment control.


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