Khuzestan Steel, by supplying the required ingots domestically and exporting surplus ingots, has caused its currency to be valued and injected into the market, and finally has created a map in controlling economic fluctuations. In addition, in order to support domestic industries and downstream sectors, the company seeks to meet the needs of the domestic market.
The steel industry in Iran has a history of more than 50 years. Khuzestan Steel is the largest supplier of steel ingots, the second crude steel production hub in the country and one of the leading companies in the national and international economy. In this report, we will deal with the performance of Khuzestani steelmakers in the field of production, export and, of course, the stock market.
*** The important role of Khuzestan Steel in the supply of crude steel
This large industrial complex, with an acceptable level of technical and technological knowledge, plays a pivotal role in the supply of steel.
Khuzestan Steel always prioritizes the supply of raw materials for the country’s rollers and the supply of ingots in the domestic market, exports the production surplus to the world’s export markets (more than 20 countries). The increasing trend of production tonnage and export sales value during the current years confirms this claim.
In recent years, the export of Khuzestan steel products with the aim of currency for the country (with the priority of domestic supply), has had a stable trend. The export strategy plan is based on the axes of customer satisfaction, timely and stable delivery, offering products and competitive payment terms, optimal quality and responsiveness, and providing technical business guidance. This approach increased customer satisfaction and attracted the attention of international buyers. One of the notable points in Khuzestan Steel is the production of custom billets; In a way that allows the customer to order and change the composition of the production ticket according to their needs.
*** Khuzestan steel competitors worldwide
CIS countries (Russia, Ukraine, China) are the most important competitors of Khuzestan Steel in the field of export. The quality of the goods, on the one hand, and the availability of open waters and consumers in the Persian Gulf, on the other, have made the market more attractive to the company’s products than to other steel-producing countries. The company has been able to cover its export plan and target 100% since the beginning of the year.
In evaluating the revenue and sales index, it should be said that Khuzestan Steel Company sold 88 thousand and 467 billion Rials worth of products during 1998 and until the end of October, which has increased by 63% compared to the same period last year. This positive performance in the field of exports caused the company to be introduced in 1998 as a model exporter of the country.
*** Show off with Fakhuz in the stock market
In 1998, Khuzestan Steel Company was ranked among the top 40 listed companies in the country according to the Exchange and Securities Organization. In the one-month performance period leading to January 20, 1998, about 14 thousand and 161 billion rials of sales revenue has been realized. This figure has increased by 29% compared to its sales revenue in the same period last fiscal year. Also, the stock price of this company has increased from 2440 Rials in 1994 to 11000 Rials so far. Meanwhile, in the first quarter of 1999, the net profit of Khuzestan Steel Company (symbol of Fakhuz Stock Exchange) reached 1230 billion tomans with a growth of 5% compared to the same period last year.
Sales revenues of Khuzestan Steel Company in the first quarter of this year increased by 26% compared to the same period last year and reached 4,809 billion tomans. The sales volume of steel ingots of Khuzestan Steel Company in the first quarter of this year reached 1 million 169 thousand tons.
*** Complete the value chain from mine to rolling
The CEO of Khuzestan Steel had announced that the products in this complex are the semi-finished products of the steel industry and this year more than 60% of the products have been provided to the province’s climbing factories so that the production cycle in domestic and downstream companies is not stopped. We seek to complete the value chain from mining to rolling, so we try to maintain stability and development in the steel industry chain through constructive interaction with upstream industries as well as comprehensive support for downstream industries.
Rejecting the sale of raw materials in this collection, the CEO of Khuzestan Steel stated that: Some people have recently tried to make the supportive policies of companies such as Khuzestan Steel, which produces steel intermediate goods, an example of exporting raw materials, but the company’s positive actions in supplying materials The initial rolling mills of the province and the country, as well as the supply of foreign exchange from exports and its circulation in the central bank system, prove the opposite.
Also, part of the sales in the first five months of the year has been allocated to domestic companies in the province, such as Iran Steel Industrial Group, Khuzestan Auxin Steel, Kavian Rolling, Ahvaz Rolling and Pipe, Rohina Dezful and other domestic producers. Meanwhile, Khuzestan Steel’s policies in supplying the ingots needed by domestic factories have not changed. In the first four months of the year, exports fell by 46%.
Mohammadi further stated: Khuzestan Steel Company, as a stock exchange publisher, is always obliged to put its financial and economic information in the public network “Kedal” so that there is no ambiguity in its production, sales and exports.
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