Esfahan Steel Company

Refineries Pull Down Bourse

EghtesadOnline: Tehran stock market closed the first weekly session on Saturday slightly lower amid a sell-off of major refinery shares.
2020-09-20 11:31
ESCO Signs Deal to Deliver Rails for Tehran Metro Projects

EghtesadOnline: Esfahan Steel Company (ESCO) has signed an agreement with Tehran Metro Company for providing 800 tons of rails to boost the development of urban and intercity railroads.
2020-01-18 13:13
ESCO Calls for Rise in Iron Ore Export Duty

EghtesadOnline: Despite the 25% customs duty imposed on the export of iron ore, the export of raw materials used in steelmaking is continuing and the duties have not discouraged exporters at…
2019-11-27 10:21
Iran's ESCO Delivers 1st Batch of UIC60 Rail for Northwestern Railroad

EghtesadOnline: Esfahan Steel Company (ESCO) has handed over the first batch of domestically produced 60E1 (UIC60) rails to the Construction and Development of Transportation Infrastructure Company.
2019-09-23 13:23
Iran Iron Ore Exports Roil Steel Production

EghtesadOnline: Esfahan Steel Company is currently operating at around half its nominal production capacity and needs about 6.5 million tons of iron ore lumps and metallic materials to operate…
2019-08-28 10:43
Wastewater Instead of Dam Water For Major Steelmaker in Isfahan

EghtesadOnline: Operations to transfer wastewater from Zarrin-Shahr in Isfahan Province to Esfahan Steel Company has started, managing director of the third-largest steelmaker metal said.
2019-03-11 13:32
ESCO Produces UIC60 Rails for First Time

EghtesadOnline: Esfahan Steel Company has produced 1,000 tons of UIC60 rails based on the latest international standards, the manager of the Rolling Engineering Department of ESCO said.
2018-09-22 05:34
ESCO Readies 2nd Batch of U33 Rails

EghtesadOnline: Esfahan Steel Company has produced the second batch of rails to be delivered to the Islamic Republic of Iran Railways.
2018-07-28 06:22
Iran Railways Receives 1st Batch of Domestically Produced Rails

EghtesadOnline: The long wait finally came to an end when Esfahan Steel Company supplied the Islamic Republic of Iran Railways with the first batch of domestically produced rails on Sunday.
2018-06-18 05:00
Change of Leadership at ESCO

EghtesadOnline: Mansour Yazdizadeh has replaced Ahmad Sadeqi as the new managing director of veteran steelmaker Esfahan Steel Company. The new director has spent most of his professional career…
2018-06-12 05:43
Indian, Iranian Companies Line Up to Buy ESCO Majority Stake

EghtesadOnline: Esfahan Steel Company's major shareholder is planning to sell its stake in the veteran Iranian steelmaker and potential domestic and foreign buyers have already lined up, the…
2018-06-11 05:42
ESCO, IRALCO Finally Pull Off Block Sales

EghtesadOnline: The spell is finally broken, as Iranian Privatization Organization has sold two controlling stakes in Esfahan Steel Company and Iran Aluminum Company following several unsuccessful…
2018-03-13 06:56
Government Plans to Sell off Loss-Ridden Steelmaker to MSC

EghtesadOnline: The government is planning to sell its stake in the beleaguered Esfahan Steel Company to Iran’s largest steelmaker, Mobarakeh Steel Company, the deputy cooperatives minister for…
2018-01-14 09:21
Iran to Begin Rebar Exports to UK

EghtesadOnline: Iran's Esfahan Steel Company is ready to ship its first rebar cargo to the UK, a company source told S&P Global Platts.
2018-01-13 08:55
ESCO’s Output, Sales Slow Down

EghtesadOnline: Iran’s veteran steelmaker, Esfahan Steel Company, produced 1.27 million tons of steel products in the first seven months of the current fiscal year (March 21-Oct. 22), posting…
2017-11-05 10:00
ESCO Sales Growth Remarkable

EghtesadOnline: Esfahan Steel Company has posted strong growth in sales volume and value in the first half of the current fiscal year (March 21-Sept. 22), extending a continuously rising trend…
2017-10-16 14:10
ESCO Rides Rising Tide of Iranian Steel Exports

EghtesadOnline: The Iranian steel industry’s effective push toward exports has helped Esfahan Steel Company bolster its presence overseas, the company’s head of sales and marketing announced.
2017-09-18 05:23
Iran's Debt-Laden Steel Giant Shows Signs of Recovery

EghtesadOnline: The financially embattled Esfahan Steel Company has been drowning in debt for the past few years, but the veteran Iranian steelmaker’s latest production data indicate it is slowly…
2017-08-30 13:47
ESCO Reorients Strategies

EghtesadOnline: The managing director of Esfahan Steel Company recently published a letter to the Securities and Exchange Organization to answer inquiries by the SEO about the money-bleeding…
2017-08-06 14:51
ESCO Crude Steel Output Tops 500K Tons

EghtesadOnline: Esfahan Steel Company, Iran’s largest producer of constructional steel products, says it produced 522,814 tons of crude steel in the first three months of the current Iranian…
2017-08-02 10:35
5th Attempt to Sell ESCO’s Shares Fails

EghtesadOnline: For the fifth time, Iran Privatization Organization failed to attract a buyer for an equity stake of Esfahan Steel Company.
2017-07-05 09:30
Deal to Transport Steel Via Railroad

EghtesadOnline: Islamic Republic of Iran Railways has signed a deal with Esfahan Steel Company for the transportation of ESCO’s products to the southern port of Shahid Rajaee.
2017-06-23 16:48
5th Attempt to Sell ESCO’s Shares

EghtesadOnline: For the third time, Iran Privatization Organization is going to offer a 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on July 1.
2017-06-18 08:57
Major Steelmaker Struggling to Avert Insolvency

EghtesadOnline: Esfahan Steel Company is seeking to lighten its debt burden by reaching a set-off agreement with the government, according to the company’s manager, Ahmad Sadeqi.
2017-05-16 08:29
ESCO’s Iron Ore Beneficiation Plant Becomes Operational

EghtesadOnline: Esfahan Steel Company inaugurated its iron ore beneficiation plant last week. According to ESCO’s deputy head, Hassan Zia, the beneficiation plant has a processing capacity of…
2017-05-15 08:53
ESCO Targets 40% Hike in Exports

EghtesadOnline: Esfahan Steel Company is planning to boost the current fiscal year’s (March 2017-18) exports by 40% to about 1 million tons, the company’s chairman, Ahmad Sadeqi, has been quoted…
2017-05-12 06:40
ESCO Zeros In on Exports

EghtesadOnline: Esfahan Steel Company plans to boost longs exports to 1 million tons by the end of the current fiscal year (started March 21) from last year’s 700,000 tons, ESCO’s head of sales…
2017-04-04 07:43
ESCO Signs Export Contract With Iraqi Firm

EghtesadOnline: Esfahan Steel Company has signed a draft contract with Iraq’s General Company for Trading of Construction Materials, owned by the Iraqi Ministry of Trade for exporting iron products.…
2016-12-27 11:14
ESCO Starts Liquid Argon Production

EghtesadOnline: Esfahan Steel Company has started the production of pure liquid argon, announced ESCO’s head of Energy Management Department, Hassan Khazaei, on Tuesday.
2016-12-22 11:30
ESCO to Inaugurate Rail Production Line

EghtesadOnline: Esfahan Steel Company is scheduled to officially launch its rail production line today.
2016-10-29 16:08