The CEO of Mobarakeh Steel Group announced that the company has cemented its position as a pioneer in the nation’s non-oil exports, having successfully generated over $450 million in foreign currency revenue from exporting more than 1.2 million tons of its products during the first six months of the current Iranian year.

Saeed Zarandi, CEO of Mobarakeh Steel Group, commented on the occasion of October 21st (Mehr 29th), National Export Day, stating that Mobarakeh Steel Group has created significant foreign currency revenue for the country in pursuit of its export targets, effectively fulfilling its role as the leading non-oil exporter.

He further elaborated on the significant growth achieved: “While the overall export volume across the nation’s entire iron and steel chain only grew by 45% in the first half of the current year compared to the same period last year, the export of flat steel products experienced a 270% surge during the same period. Mobarakeh Steel, as the largest steel producer in the country, played a critical role in achieving this success.”

The Impact of Mobarakeh Steel’s Direction on Value-Added Exports

The CEO noted that the Group’s strategic direction has significantly influenced the quality and value of the country’s overall exports. He highlighted the comparative growth figures, stating: “From the perspective of export value, compared to the first six months of last year, the entire iron and steel chain experienced a 26% growth. However, the export value of the country’s flat steel products grew by 186%. This clearly indicates that the focus of enterprises like Mobarakeh Steel on exporting higher value-added products has been instrumental in realizing this high growth rate.”

He continued: “Fortunately, Mobarakeh Steel Company successfully met its export targets during the first half of the current year, shipping over 750,000 tons of products—including slab, hot rolled coil, cold rolled coil, galvanized, and colored sheets—to global markets. This volume represents a 120% growth compared to the corresponding period last year.”

Mobarakeh Group Exports Exceed 1.2 Million Tons in Six Months

Zarandi emphasized the Group’s robust performance, confirming: “At the Mobarakeh Steel Group level, exports of over 1.2 million tons of products were achieved during the first six months of the current year, resulting in over $450 million in foreign currency earnings for the entire Group.”

He further clarified the rationale behind the aggressive export push: “While prioritizing the supply of the domestic market and adhering to the Market Regulation Headquarters’ directives, Mobarakeh Steel has developed its exports and presence in global markets, driven by the crucial need to secure foreign currency. This initiative was particularly vital given the prevailing recession in the domestic market and the lack of demand on the Mercantile Exchange (Bourse-e Kala), where a lack of export focus could have otherwise led to production cutbacks across the company’s lines.” Mobarakeh Steel Offers Hot Rolled Coil on Export Ring for the First Time In a move signaling product diversification and higher value generation in the export arena, the CEO announced an important market innovation: “Mobarakeh Steel entered new markets through export marketing and product diversification, offering its Hot Rolled Coil product for the first time on the Export Ring of the Mercantile Exchange, in addition to slab. This innovation is aimed at creating higher value through new market penetration.”

Policy Support Needed for Export Strategy

Concluding his remarks, Zarandi underscored the necessity of governmental support: “Facilitating the sale of foreign currency earned from Mobarakeh Steel’s exports in the Second Hall of the Exchange Center is essential to compensate for a portion of the costs associated with the exports of this major industrial Group. This requires the support of officials for the country’s export policies.”He added: “We also anticipate that current regulations will be amended to prevent the unofficial export of steel to neighboring countries. It is our hope that, with the continued support of export policymakers and the dedication of Mobarakeh Steel Group employees, the second half of the current year will see improved business conditions, allowing us to meet production targets and achieve new records in Group exports.”