BAKU, Azerbaijan, October 29. The total revenue of Iranian Mobarakeh Steel Company increased by 17 percent during the six months of the current Iranian year (from March 20 through September 21, 2024) compared to the same period of last year (from March 21 through September 22).
The data obtained by Trend from the company showes that the company's total revenue for the six months amounted to 1.44 quadrillion rials (about $3.23 billion). This figure stood at 1.23 quadrillion rials (about $2.76 billion) in the same period last year.
The net profit of Mobarakeh Steel Company for the six months amounted to 565 trillion rials (about $1.27 billion). This is 14.7 percent more than in the same period last year. The company's net profit for the same period last year amounted to 493 trillion rials (about $1.1 billion).
Iranian Mobarakeh Steel Company was established in 1981. This company is located in Iran's Isfahan province. The production potential of this company is 10.3 million tons per year, and it is planned to increase the production potential to 25 million tons by March 20, 2025.
To note, Iran's steel production potential is about 40 million tons per year. Iran plans to increase its steel production potential to 55 million tons by 2025.