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Despite internal challenges such as power shortages, Hormozgan Steel Company (HOSCO), a major Iranian steel producer, maintained strong performance in the first eight months of the Iranian calendar year (March 21 - November 21, 2025). 23P060 Grain oriented electrical steel, As a subsidiary of Mobarakeh Steel Company (MSC), HOSCO continued to expand its overseas market presence while better meeting domestic customer needs.
Data shows that HOSCO's total slab sales volume increased by 17% year-on-year during the reporting period, reaching 984,000 tons. 23P060 Grain oriented electrical steel, Domestic sales increased by 15% year-on-year to 607,000 tons, while export shipments surged by 20% year-on-year to 377,000 tons, indicating simultaneous improvement in both domestic and export markets.
On the production side, although power shortages forced some plants to shut down, HOSCO effectively mitigated the impact by improving its energy self-sufficiency. Market analysts point out that with the commissioning of the MSC combined cycle power plant and solar power plant, as well as the progress of the wind power project in Khaf, the group's reliance on its own energy resources is expected to increase further, thereby enhancing overall operational stability.
Meanwhile, HOSCO is continuously promoting cost reduction, efficiency improvement, and operational optimization. 23P060 Grain oriented electrical steel, Company representatives stated that steel companies are being forced to adopt new development strategies, placing greater emphasis on cost control, equipment efficiency, and energy management, and actively utilizing digital transformation and new technologies to enhance their overall competitiveness.
In terms of production capacity, HOSCO currently has an annual production capacity of 1.66 million tons of DRI and 1.5 million tons of slab. It is understood that the company plans to extend its industrial chain into the finished steel sector in the future, further improving its product portfolio.
