TEHRAN -
The managing director of Mobarakeh Steel Company (MSC) Mohammad-Yasser
Tayyebnia says the leading steelmaker utilizes its full capacity to nuetralize
the imposed sanctions on the Islamic Republic.
Tayyebnia
made the remarks on Sunday at the closing ceremony of the First National Hope
Media Cup in Tehran, noting that Mobarakeh Steel Company, Iran’s biggest
steelmaker, seeks to use domestic instruments in the process of steelmaking.
The MSC
boasts of being the largest producer of direct-reduced iron in the world, he
further noted.
"The
company is the quality producer of over 50 percent of Iran’s steel in all major
markets including automotive, construction, household appliances, and
packaging."
He went on
to say that while the Islamic Republic is under sanctions, the company is
tasked with defeating the cruel measures of the enemies by operating at 100%
capacity.
The World
Steel Association (WSA) announced in its latest report that steel production in
Iran during the first quarter of 2024 has registered a 16.3 percent growth
compared to the same period last year.
Located in
southwestern Isfahan, Mobarakeh Steel Company is the biggest steel producer not
only in Iran but also in the Middle East and North Africa region.
The
state-owned company is located 65 km southwest of the city of Isfahan, near the
city of Mobarakeh. It is one of the largest industrial complexes operating in
Iran. MSC was commissioned after the Islamic Revolution in 1979 and initiated
operations in 1993. It underwent major revamping in 2000.
The First
National Hope Media Cup which started on Saturday at the Comprehensive
University of Islamic Revolution in the capital city will wrap up today.
The
national festival served as a platform where reporters and photojournalists
covered the speeches delivered by high-ranking officials and experts on various
topics within 36 hours in the country