Iran’s Azerbaijan Steel Company sets new record

Iran Materials 25 February 2012 14:33 (UTC +04:00)

Azerbaijan, Baku, Feb. 25/ Trend M. Moezzi

The Azerbaijan Steel Company has increased its production efficiency to more than 96 percent, the most efficient among Iran's steel companies, the Islamic Republic News Agency (IRNA) reported.

The company's operating profits are higher than any of its counterparts and 400 tons of materials it has produced for the first ten months of year (Iran's solar year ends on March 20) have earned the Azerbaijan Steel Company $15 million in profits.

If production remains at the current level, by the end of the year the company will have set a new record.