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Production of special products, continued development, profitability are MSC advantages

The managing director of Mobarakeh Steel Company (MSC), his deputies and members of the Board of Directors of the steel giant met with Deputy Minister of Industries, Mines and Trade Dr. Khodadad Gharibpour and exchanged views on MSC’s production process and expansion projects underway.
Gharibpour, who is also the managing director of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), thanked MSC managers and staffers for their tireless efforts and said the fact that MSC works out targeted expansion projects and rolls up its sleeves to implement them without any halt in its production lines is of great value, especially at a time when the country is under economic pressure from the enemies.
He further said IMIDRO will lend support to the implementation of MSC’s expansion projects and added IMIDRO’s deputies and advisers in mining affairs will try their best to help MSC’s expansion projects properly enter the implementation phase without any problems at all.
The IMIDRO managing director said MSC has many advantages, among them, production of special products such as steel sheets used in sour-gas transfer pipelines, as well as non-stop development and profitability. “We need to tap into full domestic potential and modern technologies in order to improve production and development in the company.”
MSC’s capital from undivided profits to hover around 20 trillion tomans in coming months    
In the meeting, MSC Managing Director Hamidreza Azimian presented a report on his company’s performance and said as the product of the Islamic Revolution, Mobarakeh Steel Company accounts for about half of Iran’s total steel production and is now the largest steelmaker in the country as well as in the Middle East and North Africa (MENA) region.
Mobarakeh Steel Group is the world’s largest producer of sponge iron, he said. “MSC accounts for one percent of GNP and five percent of the industry sector’s gross product.”
He went on to say that the company’s capital rose to 13 trillion tomans last year (ended on March 20, 2019), adding currently MSC is the second largest listed company on the stock exchange. “Following the go-ahead by the board of directors and after going through legal stages, MSC’s capital from undivided profits of stockholders will reach 20 trillion tomans in coming months.”
In line with the statements of the Supreme Leader on maximal use of the potential of domestic producers, Azimian said, about 2,800 suppliers in the downstream sector build on Mobarakeh Steel Company’s technical knowhow to indigenize the lion’s share of the company’s equipment in cooperation with experts. “This has helped MSC save 4.8 trillion tomans in extra costs.”
The MSC chief said Mobarakeh Steel Group has created jobs for more than 23,000 people directly and for 350,000 people indirectly.
Scientific and technological achievements in Asia and beyond are part of the company’s tremendous honors, he said. “As far as productivity is concerned, MSC has performed very well in a way that currently MSC produces 581 tons of steel for each staff member. The productivity index is still improving.”
The MSC managing director said the company’s roadmap features the following goals: management of Mobarakeh Steel Group’s investment basket; sustainable supply and timely delivery of the products to customers in line with international standards and based on the principle of respect for consumer rights; development of the Group’s production capacity; efficient management of executive projects with a focus on preventing extra costs; development of the comprehensive transformation plan in keeping with the 2025 Outlook Plan, which has envisioned production of 25 million tons of steel; and development of a management system for the subsidiaries of the Group.
Mobarakeh Steel Group sold seven million tons of steel in the year to late March 2019, he said, adding on top of the Group’s priority, which was maximal supply of steel to domestic markets, it exported over 1.48 million tons of steel products overseas last year.
Statistical reports in recent months show that the production of crude steel at MSC – since its foundation – has surpassed 110 million tons, of which 105 million tons has been sold, he said.
The marketing plan of the Group – which brings together Mobarakeh Steel Company, Hormozgan Steel Company, Saba Steel Complex, Chaharmahal and Bakhtiari Automotive Sheet Company, Kashan Amir Kabir Steel Company and Taraz Coated Steel Products Industries Company – has projected the sale of as much as nine million tons of steel products this year (started on March 21, 2019), he added.
Azimian said currently 33 percent of MSC products is used domestically by producers of pipes and profiles, 18 percent is dedicated to process industries and the remainder goes to carmakers and home appliance manufacturers. “Iran is projected to need about nine million tons of hot rolled steel products by 2025. That’s why Mobarakeh Steel is thinking about expanding [production of] hot-rolled products. As for cold-rolled products, market research suggests that the country will need more cold-rolled steel products, especially tin-plated steel sheets and food-preserving cans. The group is expected to work out smart plans in this regard.”
The managing director then shifted to MSC’s investment in different companies and the company’s sales this year. He said his company’s sales amounted to 23.5 trillion tomans last year, adding the figure is projected to hit 35 trillion tomans [this year].
Given MSC’s investment over the past five years, he said the company has dedicated more than 8.3 trillion tomans from its internal revenues to investment in different projects such as development of Sangan Steel Company and Saba Steel Complex; Mobarakeh Steel sub-ceiling development plans; purchase of a 20 percent stake in Mines and Metals Development Investment Company (MMDIC), Sefid Dasht Steel Complex and the operations to implement this company’s steelmaking project; development of Chaharmahal and Bakhtiari Automotive Sheet Company, Ardakan Graphite Electrode producing plant, Mobarakeh Foolad Sang Mining & Industrial Co.; and development of Kashan Amir Kabir Steel Company. He added these projects are being carried out and major progress has been made.
He then said an imbalance in iron ore distribution in the country’s steel production chain, insufficient rail roads and supply of spare parts are among the main problems steelmakers are facing. “State officials are expected to adopt proper policies and come to the help of steelmakers so that they can keep walking down the path to progress and development.”
In conclusion, Azimian said Mobarakeh Steel Company is serving the national economy and the industry sector. “That’s why all deputies, managers, experts and staff members in the company are doing their utmost to help the Islamic Republic of Iran march toward progress and dignity.”

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