analysis by Meta_Technical about Stock فخاس on 7/4/2020

ایری Septar Ghafouri, CEO of Khorasan Steel Complex Company in the Normal General Assembly: In the year 98, Khorasan steel earned 44,465 billion riyals, which increased by about 50 % compared to the previous year. The production of steel ingots in the company reached one million and 74 thousand tons, which recorded a 3 percent increase. The production of lightweight building products in the year 98 was about 600,000 tons, which indicated a 6 percent increase over the year 97. The distance between the amount of bullion production and the lightweight building products was due to market conditions. Because at some points, bullion sales may be more advantageous than lightweight products. The production of pellets in the year 98 increased by more than 77 percent compared to the year 97. Sponge iron also increased by one percent. We seek to supply all our pellets from Khorasan province, which is possible with the capacity to reach pelletizing. We are going to start operating the concentrate plant soon to sustain the raw material of the company.