Baku, Azerbaijan, Sept. 21
By Elnur Baghishov - Trend:
Mobarakeh Steel Company, based in Iran’s Isfahan province, needs investments worth 170 trillion rials (about $4.04 billion) as part of the next five-year development program, said the company’s managing director Hamidreza Azimian, Trend reports via the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
He said that the company is focused on the projects of the Sagan Concentrate Plant, Sefid Dasht Steel Complex, Ardakan graphite electrode plant, Andimeshk Zagros steel plant, Amirkabir Steel Company and Hormozgan Steel Company.
Investments of the Mobarakeh Steel Company increased from 130 trillion rials (approximately $3.09 billion) to 200 trillion rials (about $4.76 billion), he noted.
He added the company has invested 83 trillion rials (about $1.97 billion) from local resources over the past five years.
“This Iranian year (started March 21, 2019), it is expected to sell 9 million tons of products, and 2 million tons of them will be exported,” he said.
Last Iranian year (March 21, 2018 - March 21, 2019), sales of steel products amounted to 230 trillion rials (about $5.47 billion), he noted, adding that this Iranian year, there are plans to sell products worth 350 trillion rials (about $8.33 billion).