Mobarakeh Steel: Driving Non-Oil Growth Through Global Expansion

Mobarakeh Steel: Driving Non-Oil Growth Through Global Expansion
نازنین مولایی مقدم
پنجشنبه ۳ اردیبهشت ۱۴۰۵ - ۱۴:۴۲

Mobarakeh Steel Company (MSC) continues to solidify its position as the primary engine of Iran’s non-oil economy, leveraging its consistent global market presence and substantial foreign exchange earnings to rank among the region’s top exporters. Established in the early 1980s, the company has maintained a trajectory of technical excellence, evolving into the largest producer of flat steel products in the Middle East and North Africa (MENA) and a leading global producer of Direct Reduced Iron (DRI). Since its inception, MSC has supplied over 131 million tonnes of steel to the domestic market and exported 28 million tonnes to approximately 50 countries, generating more than $12 billion in foreign revenue—a critical contribution to national economic stability.

Reza Heidari, Vice President of Sales and Marketing at Mobarakeh Steel, highlighted the company’s strategic global alignment, stating: “Our consistent presence in international markets and foreign currency generation have established Mobarakeh Steel as a cornerstone of the non-oil economy. By balancing maximized domestic supply with strategic global marketing, we have successfully achieved a 100% growth in exports compared to the same period in 2024.”

The company plays a vital role in large-scale infrastructure, providing essential materials for thousands of kilometers of oil and water pipelines, as well as supplying the automotive, household appliance, and packaging sectors. To ensure operational transparency, MSC transitioned its entire product offering to the Mercantile Exchange in 2020, providing equitable access for over 1,300 industrial clients. Furthermore, the implementation of international standards such as ISO 10002 and ISO 10004 has fostered significant trust, resulting in a 50% increase in the company’s customer base in recent years.

Heidari concluded: “Currently, Mobarakeh Steel’s products are supplied to over 1,300 large and small-scale industries, with an additional 5,000 customers benefiting indirectly through our service centers. This responsible approach to the broader community, combined with our commitment to transparent performance, has driven sustained growth for our shareholders and stakeholders alike.”

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