Sustained production, export development and accelerated commissioning of steel projects are our strategic priority

Deputy Head of the Tourism Financial Group visited the Sanat Benab Steel Complex and held a joint session with managers of the complex and Gostaresh Fulad Shahriar Company.

According to Ambassador Arjan, Ebrahim Jahangiri, Deputy Director of the Tourism Finance Group, in this visit, emphasized the protection of shareholders' interests, the development of export markets, and the sustainable supply of production infrastructure, and called for the acceleration of the completion and exploitation of the strategic projects of these complexes.

In this meeting, Rafiei, the CEO of Sanat Benab Steel Complex, presented a report on the production and financial performance of the complex, announcing the stabilization of daily production of 1,100 tons in the smelting department and 2,000 tons in the rolling department, the realization of nearly 200 billion tomans of surplus profit from the direct supply in the commodity exchange, and the growth of exports more than five times to about 50,000 tons. He also mentioned the measures taken to manage the energy imbalance and build a 10 MW solar power plant.

Further, Niromand, CEO of Shahriar Steel Expansion Company, while explaining the process of implementing development projects, announced the progress of 70% of Ferosilis project engineering and the provision of the major part of key equipment and emphasized the need to accelerate the launch of the first line of this project with the aim of generating income and reducing the investment return period.

In this meeting, Ebrahim Jahangiri, the deputy head of the tourism finance group, also appreciated the efforts of the workers, engineers and managers of the two complexes, and considered the production, financial and management performance of Sanat Bonab steel as positive and worthy of recognition and stated: "In a situation where many industries have stopped development due to infrastructural limitations, it is a matter of pride that in this complex, the improvement of technology, production quality and the timing of the exploitation of projects are on the agenda." Emphasizing the necessity of protecting the rights of shareholders, financial transparency and strengthening water and electricity infrastructure, he issued the necessary orders to facilitate the provision of liquidity from the place of bonds and bank support and demanded the completion and preparation of the Oxygen Plant project for operation within the next 40 days. Jahangiri also listed the development of export markets, controlling the cost price, speeding up the implementation of the Ferosilis project and preparing the preparations for entering the capital market among the strategic priorities of these groups.