TSE-Listed Mining Firms Earn $11b in Sales During 7 Months

EghtesadOnline: Mobarakeh Steel Company saw the highest volume of sales during March 21-Oct. 22 with 910.81 trillion rials ($2.67 billion), up 16% YOY

News ID: ۷۵۱۹۷۰

05 November 2022

Tehran Stock Exchange-listed mining companies earned 3.75 quadrillion rials ($11 billion) in sales during the first seven months of the current Iranian year (March 21-Oct. 22), registering a 17% year-on-year rise in rial terms.

According to data released by Iranian Mines and Mining Industries Development and Renovation Organization, Mobarakeh Steel Company saw the highest volume of sales during the period with 910.81 trillion rials ($2.67 billion), up 16% YOY.

MSC is the biggest steelmaker in Iran and the Middle East and North Africa region, accounting for about half of the country's steel production.

The National Iranian Copper Industries Company came next with 450.1 trillion rials ($1.32 billion), up 11% YOY.