Isfahan Steel Company to export to Europe

EghtesadOnline: We have developed the ability to export 500,000 tons of pig iron to the European countries given the market situation, said the Managing Director of Isfahan Steel Company (ISCO).

News ID: ۷۷۶۱۰۷

10 May 2017

“Our plan for this year is to reach 1,000,000 tons of export, which shows %40 increase compared to last year,' Ahmad Sadeqi said on Tuesday.

Sadeqi added that ESCO doubled its production in 1395 Iranian year (starting on March 20, 2016) by hitting 700,000 tons, according to IRNA.

He said that in addition to keeping and expanding domestic market, ISCO continues to follow its plans to have exports to other countries, including Europe, in order to make a bigger name.

Sadeqi said that coal became unprecedentedly expensive last year, but ISCO was not passive; it developed compound strategies, such as making new products, expanding export, effective management of costs, etc., and kept its national and international place.

He added that the most important plan implemented is to produce parts and equipment inside the country, and another plan has been to reduce the coke consumption and the final price of pig iron production.

He also added that the ISCO has spent over $100m on environmental plans, including rebuilding and optimizing equipment.