Positive signal for steelmakers – Trade News
According to Tejarat News, Mobarakeh Steel Company in the first 7 months of this year exceeded the total sales of 1999.
Mobarakeh Steel recognized more than 787.322 billion rials in sales of its products such as slabs, hot coils, cold coils, tin coated coils, galvanized coils and colored coils during the 7 months of 1400. Production of cold, tin-plated, galvanized and colored coils in the first half of this year has exceeded the company’s plan.
Meanwhile, according to the commentary report, Foolad Mobarakeh had revenue of 565.960 billion Rials from domestic sales of products up to the first half of this year, which shows an increase of 253.649 billion Rials, equivalent to 96%, compared to the same period of the previous year.
On the other hand, the company saw a significant record in its export sales in the first six months of this year. The company’s currency (due to the growth of currency prices in recent months) in the first six months of 1400 was equal to 94.887 billion rials and compared to the same period last year, which was equal to 19.969 billion rials, has grown by 375 percent.
Isfahan Mobarakeh Steel Company intends to sell more than 6 million and 200 thousand tons in the domestic market and 1.3 million tons of flat products in the export markets in 1400 with the aim of meeting the maximum needs of the domestic market.
Because in Mobarakeh Steel Company of Isfahan; Products such as pellets, sponge iron, slabs, hot coils, cold hard coils, tin coated coils, galvanized coils and colored coils are produced. . The company’s share of pellet production in the first half of this year was equal to 3 million and 598 thousand tons.
It should be noted that the purchase price of iron ore, pellets and sponge iron concentrate in 1400 is calculated based on the agreement of steel and mining companies as a factor of the price of Khuzestan steel ingots, which is announced in quarterly periods.
According to the agreement, the price ceiling of iron ore concentrate in 1400 is based on 19% of Khuzestan steel ingots, the pellet rate ceiling is based on 26% of Khuzestan steel ingots and sponge iron is based on 58% of Khuzestan steel ingots.
Changes in the company’s investment portfolio
The most important changes in the investment portfolio of Mobarakeh Steel Company during the first half of 1400 include participation in increasing the capital of Tokafolad Investment Company to fulfill the underwriting commitment commitment of 406 billion Rials, transfer of Atieh Naghsh Jahan shares to 368 billion Rials, participation in increasing The capital of Zagros Andimeshk Steel Company is 223 billion Rials, and the establishment of Water Supply Industries and Mines Company is 1,050 billion Rials.
Also, participation in increasing the capital of Amirkabir Kashan Steel Company to 841 million 111 thousand 444 shares from accumulated profit, participation in increasing the capital of Atieh Naghsh Jahan Company to 1 billion 724 million 809 thousand 272 shares from accumulated profit, participation In increasing the capital of Iran Commodity Exchange Company to 16 million 824 thousand 995 shares from the accumulated reserve, the purchase of 908 thousand shares of Methyl Steel Company in the amount of 4 thousand billion Rials is in the list of investments of this company.
Source: the world of economy
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