Iran's Aras Steel Company increases export

Business Materials 16 March 2022 14:52 (UTC +04:00)

TEHRAN, Iran, March 16


Iran's Aras Steel Company is exporting a major part of its products to Turkey and China, the Commercial Director of Aras Steel Company Mohammad Montakhabi told Trend.

"The steel ingot is exported to China, Turkey, Pakistan, and Iraq but the major part of company's export is destined for Turkey and China," he said.

According to the official, the company's steel export to Turkey is handled by trucks and trains and steel export for China is transported via sea from Bandar Abbas port.

He went on to say that the company has launched a new unit at its factory that doubled production in the current Iranian year (started March 21, 2021).

The production was reduced to one-third in summer due to power outage, however, there was an 80-percent increase in annual production, compared to the last Iranian year (started March 20, 2020) and an 80-percent increase in export.

"The company's steel production capacity is 320,000 tons, although the capacity has increased to 360,000 tons by launching two new phases at the factory, " he indicated.

Aras Steel Holding includes four subsidiary companies: Azarabadegan Aras Steel Company that produces steel ingot, Padideh Aras Tech Company active in producing industrial equipment, Samin Rastak Aras that produces parts and trade products of other factories. Azar Steel Aras produces steel ingot, recycle and process metal, and cast iron.