Iranian steel producer Mobarakeh Steel Company has announced that in the first four months of the financial year 2018-19 (started March 21) its steel shipments to the local market increased by eight percent year on year to 2.05 million mt, including 1.28 million mt of hot rolled products, rising by 24 percent year on year.
In the 31 days to July 22, deliveries of MSC products to local markets registered a 19 percent increase over the same period of the last year, while deliveries of hot rolled products to the local market stood at 439,999 mt, up 54 percent year on year.
According to the company’s statement, in the first four months of the current financial year 2018-19, imports of flat steel products and hot-rolled products into the country decreased by as much as 50 percent and 68 percent, respectively, year on year, with this decline in imports has come on the back of a rise in local sales of steel products by local steelmakers including MSC.
The company expects to sell 7.6 million mt of steel products in the full financial year.