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Meeting domestic need an MSC priority: Managing director

Measures to meet local need for steel products have always been and will remain the main priority of Mobarakeh Steel Company (MSC) which, to that end, has gone out of its way to diversify its products, MSC Managing Director Dr. Bahram Sobhani said.  
The fact that the downstream industries’ need for raw materials exceeds the production capacity of MSC does not mean we are not doing our best, rather it is a sign that the industry sector in Iran is dynamic and booming, he said. 
The managing director of the steel giant went on to say that last year MSC signed a deal with the Ministry of Industries, Mines and Trade to supply the 1 million-ton need of the pipe and profile industry. “Only 10 months into the duration of the deal, MSC had provided more than 1.2 million tons of steel sheets to plants producing pipes and profiles.”    
In the 12 months to March 20, 2016 MSC exports stood at 1.8 million tons, but a year later they slipped to 1.5 million tons just to meet the local need, a move that resulted in a 40 percent hike in local sales of steel products last year, he said.  
The MSC chief further stated imported steel is used to meet part of the domestic need that cannot be met locally. “In light of the country’s need for imports, some expect tariffs to be eliminated. But the actual role of tariffs is to strike a balance between the prices of imported products and locally manufactured steel in order to balance the market and stabilize employment and national production.”  
In conclusion, he said ribbed sheets, MB and IF sheets, which are used in the automotive industry, and API-standard steel sheets which are applicable in the oil and gas industries are among the most widely used MSC products at home.

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