Vice President of Finance and Economics at Hormozgan Steel Company Announces

Energy Accounts for 24.5% of Hormozgan Steel Company’s Cost of Goods Sold

Valeh Ahmadpour, Vice President of Finance and Economics at Hormozgan Steel Company, announced an increase in the combined share of natural gas and electricity in the company's cost of goods sold from 22.3% in 2025 to 24.5% in 2026. He noted that rising energy costs—particularly higher gas tariffs—have placed renewed pressure on Hormozgan Steel Company’s profitability and competitiveness, making cost management and productivity enhancement more essential than ever.