BAKU, Azerbaijan, June 12. The production of Iran's Khorasan Steel Company increased by 5 percent, during the 2nd month of the current Iranian year (April 21 through May 21, 2023), compared to the same month in the last year, Trend reports.
The company produced approximately 57,700 tons of various steel products (steel ingots, etc.) in the 2nd month. The company’s steel output for the reporting month increased by 24 percent compared to the 1st month of the current Iranian year (March 21 through April 20, 2023).
At the same time, the company produced about 141,000 tons of sponge iron in the 2nd month was, which is an increase of 4 percent and 25 percent compared to the same period last Iranian year and the 1st month of the current year, respectively.
In addition, Khorasan Steel Company produced approximately 209,000 tons of iron ore pellets in the second month. The company’s iron ore pellet production increased by 1.3 percent and by 57 percent compared to the same period last Iranian year and the 1st month of the current year, respectively.
Meanwhile, the company's sales totaled 11 trillion rials (about $263 million) for the 2nd month. The sales increased by 15 percent compared to the same period last Iranian year. Also, the company's sales increased by 87 percent compared to the 1st month.
In general, Iran's Khorasan Steel Company produces an average of 600,000 tons of steel sheets, 1.4 million tons of steel products, 1.6 million tons of sponge iron, and 2.5 million tons of iron ore pellets. Overall, 5,000 people work in this company.
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