ESCO Targets USD 250 Million Annual Exports
During 21 March – 22 September, the company’s exports amounted to USD 60 million, hoping that with the launch of a round bar production project at the complex, the figure will grow further. The company will observe international standards in the production of round bars. ESCO produced 1,41 Mt of raw steel and registered a 51-% increase year-on-year. Last year’s figure amounted to 933000 t. The company plans to increase production capacity to 3,6 Mt. In five years, the company’s production capacity shall reach 6,2 Mt. ESCO produces iron, iron girders, iron wires, steel round bars and chemical products, including coke and aluminum sulfate.
Iran ranks 15th in global steel production. Last year, the country produced 15,6 Mt of raw steel and 16,5 Mt of steel products. The major raw steel producers of Iran are Mobarakeh Steel Mill with approximately 47 % of the market share, Khuzestan Steel Company with 23%, Isfahan Steel Mill with 20 % and Iran National Steel Industries Group with 10 % of the market.