16% growth in supplying the domestic market by Khuzestan Steel
Mining News Pro - In the first half of this year, Khuzestan Steel faced unprecedented and at the same time unfair electricity restrictions and lost 700,000 tons of its production due to power outages, but it was able to meet the needs of the domestic market for steel ingots, slab and provide DRI and experienced a total growth of 16% compared to the same period last year.
According to Mining News Pro – In the first half of this year, Khuzestan Steel faced unprecedented and at the same time unfair electricity restrictions and lost 700,000 tons of its production due to power outages, but it was able to meet the needs of the domestic market for steel ingots, slab and provide DRI and experienced a total growth of 16% compared to the same period last year.
In the first half of this year, Khuzestan Steel Company sold a total of 1,136,400 tons of products in the domestic market (including steel ingots, iron bars, and DRI) through the industrial hall of the stock exchange. The development plans of Khuzestan Steel in the past years, especially the exploitation of the largest DRI megamodule in Iran (Zamzam 3 DRI Factory), was the reason that made Khuzestan
Steel Company to be able to partially reduce its production in the field of steelmaking by increasing Production in the iron sector will compensate.
Also, in the first half of this year, this company maintained its lead in Iran’s steel billet market and was the largest supplier of Iran’s billet market, despite the fact that its electricity consumption limits were more than other steelmakers.
Undoubtedly, the unfair and incorrect imposition of electricity restrictions on parent and job-creating industries has resulted in irreparable losses, and if these restrictions did not exist, KSC would have recorded brilliant records this year.