Isfahan Steel Production and Sales Leap in 9 months of this year

Company News; According to reports Public Relations Holding Sadr Supply, The company’s profit last year reached 15 thousand and 819 billion rials, which is due to the increase in revenue and profit of the company due to the focus on production and sale of industrial products and higher value-added products, the company’s focus on exports due to higher value added, Rising inflation and rising general levels of prices.

Also in 1999, Zobahan witnessed a 245% increase in the profitability of domestic subsidiaries compared to 1998.
In fact, for the first time in at least a decade, Zobahan came out of accumulated losses in 1999 to be able to distribute profits among shareholders, and the conditions were created for joining the OTC market, which became operational in 1400.

Isfahan Zobahan continued its success in profitability and this year the company also managed to upgrade its profitability record in the first 6 months of 1400 and with a 195 percent increase to a profit of more than 2 thousand billion tomans and the company’s profit margin for It crossed 12% for the first time.

The main profitability of Isfahan Steel is the result of process improvement, production of higher value-added products and export growth, and only about 30% of this increase is due to inflation and rising exchange rates.

Mass production of rails in accordance with international standards used in 6 axes of Iran Railway and is being installed, production of needle tongue rails and Tehran metro rails, focusing on the production of higher value-added products such as sheet steel structures, mining arches, wide wing beams And …, saving water consumption and carrying out various projects to use wastewater instead of pumping water from the river, developing exports and achieving the National Medal of Export, etc. are among the achievements of this company during the last three years.

The performance of Isfahan Steel in the last 9 months also shows an increase in production in most production sectors as well as an increase in the company’s sales. The workers of this huge industrial complex, despite the problems caused by the shortage of raw materials and the water crisis, managed to produce 2 million 54 thousand 700 tons of molten cast iron by the end of December this year, which shows a 13% growth compared to the same period last year. Has set a 9-month production record for cast iron with three blast furnaces in the history of this company.

Mansour Yazdizadeh, CEO of the company, said: “This year, the company operates with three blast furnaces, and if there were no problems with the lack of raw materials and water, more production would definitely be achieved.” However, we hope to reach a production of about 2.8 million tons by the end of the year, which is unprecedented in the history of this company.

He added: “Due to the increase in cast iron production and the limitations of the steel sector, the production of cast iron ingots reached 5 times last year, most of which was exported in the first nine months of this year.”

The CEO of Isfahan Steel stated: In the first 9 months of this year, this huge industrial complex increased in dry coke production by 3%, in agglomerate production by 4%, in crude steel production by 5% and in the production of ready ingots by 3% compared to the same period last year. Has been produced.

Yazdizadeh pointed to the company’s plan to increase production and sales of products with more economic value and said: In this regard, in the first 9 months of this year, the production of coils in Isfahan Steel was about 10 times last year and reached 126,887 tons. Receipts, while rebar production grew by only one percent, and there was no change in the production of beams, ingots and other products.

He added: Zobahan planning to increase production and sales of higher value-added products caused the company to earn 25 thousand and 405 billion tomans from the sale of its products in the 9 months ending December 1400, which is 92% compared to the same period last year. It has increased.

End of message / b

You can edit this post