Steel news 24

Steel news 24

Foulad Mubarake CEO’s report in the annual general meeting

Mohammad Yaser Tayebnia, CEO of Mobarakeh Steel, announced at the company’s annual general meeting:
Mobarakeh Steel’s key strategies in 1402 include maximum and economic exploitation of production capacities with a focus on the production of special products, balanced development of the value chain and required infrastructure, innovation and technology, development of economic, social, environmental and governance sustainability, and development of human capital and It was to improve the productivity and attachment of employees.

Key achievements of 1402:
Production of 12 new products with an income of 18 thousand billion tomans.
Production of 8.628 million tons of sponge iron with a growth of 0.4% and utilization of 90% of the nominal capacity.
Production of 8.845 million tons of takthal with 2% growth and 101% utilization of nominal capacity.
Production of 6.656 million tons of hot coils with 1% growth and 101% utilization of nominal capacity.
Production of 197 thousand tons of galvanized coils with a growth of 40% and utilization of 92% of the nominal capacity.
Production of 1.550 million tons of cold rolls with a decrease of 0.4% and utilization of 91% of the nominal capacity.
This report shows the remarkable progress and performance of Foulad Mobarakeh in the past year and outlines the company’s future plans for development and innovation.

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