MSC stands ready to meet domestic steel need

Local sales of Mobarakeh Steel Company have soared by as much as 72 percent, from 3.3 million tons in the 12 months to March 20, 2016 to 5.75 million tons in the 12 months to March 20, 2018.

The managing director of Mobarakeh Steel Company has said the products the steel giant is offering on the market are more diverse and come at much bigger volumes than before.

The News Agency of Islamic Republic of Iran Broadcasting has quoted Dr. Bahram Sobhani as saying that the sheets his company produces are used in maritime industries, oil and gas projects and in carmaking.

He went on to say despite a hike in steel production, thanks to amazing developments unfolding in the market, there has been a marked increase in the prices of products made of steel. Dr. Sobhani said each kilogram of steel sheets sells for 2,600 tomans, adding profile prices should be a bit more than steel, whereas in actuality profile is being sold at more than 6,000 tomans a kilogram.

Meanwhile, Dr. Sobhani's deputy in charge of MSC Sales Department said the decision by MSC to meet the domestic need for steel has resulted in losses for 2-3 importers, but it has created more than 150,000 jobs. “Unfortunately those 150,000 individuals have no platform to make their voices heard, but the two or three importers in question are using the platform they have at their disposal to stir up sentiments.” As a result of the psychological warfare they have waged, the price of scrap metal has soared, he said. Scrap metal, which is an ingredient in producing steel ingots, is sold at a price 100-150 tomans higher than ingot!

source: Mobarakeh Steel Co.