News ID: 156358
Published: 0237 GMT August 06, 2016

MSC to raise annual steel output by 2m tons

MSC to raise annual steel output by 2m tons

The annual production capacity of Mobarakeh Steel Company (MSC) will increase by two million tons in the near future, announced the company's managing director.

Bahram Sobhani further pointed to the launching of iron briquetting project in the company and said an extra 500,000 tons of sponge iron powder will be fed to the briquetting plant annually, reported minews.ir.

The official added that the desulfurizing plant went into operation last week and the company is now able to produce desulfurized steel slabs.

Sobhani said the company will attain its goal of increasing steel production once all development projects go on stream.

He added that $3.7 million has been invested in the projects, and hoped to draw more investment in the steel industry.

The official put the current annual production of MSC at 5.2 million tons adding that the figure will increase to 7.2 million tons in about one month.

The company produces 750,000 tons of thin steel slabs annually and plans to increase this to 1.5 million tons by mid-March, said Sobhani.

   
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