Mobarakeh Steel Company
Mobarakeh Steel Company (MSC) is Iran’s largest steel producer and a major integrated steelmaker headquartered in Mobarakeh, Isfahan Province. Listed on the Tehran Stock Exchange, it produces flat steel products and slab, with group crude-steel production capacity reported at approximately 10.3 million tonnes as of 31 December 2023. Its international commercial accessibility is materially constrained by explicit sanctions exposure, requiring transaction-specific compliance review.
Operations & footprint
Products and services
Hot-rolled coil, cold-rolled coil, galvanized coil, pre-painted galvanized coil, tin plate and slab.
Operations and assets
Group crude-steel production capacity was reported at approximately 10.3 million tonnes as of 31 December 2023. The main plant’s hot-rolling capacity was approximately 5.4 million tonnes per year and cold-rolling capacity approximately 2.8 million tonnes per year as of the same date. These are capacity figures, not reported actual production.
Geographic footprint
Headquartered in Mobarakeh, Isfahan Province, Iran. The available evidence does not establish recent export destinations or the full geographic reach of operations.
Ownership & group structure
Ownership
Social Security Investment Company (SHASTA) is identified as a significant shareholder. The available evidence does not establish the full ownership structure or control position.
Subsidiaries and group companies
Subsidiaries include Saba Steel, Esfahan Steel Industrial Company (ESICO), Taraz Paydar Company, Foolad Technic International Engineering Co., and Hormozgan Steel Company.
Commercial and investment relevance
Mobarakeh Steel is strategically relevant because it connects several investment themes at once: domestic industrial demand, flat steel supply chains, export exposure, energy and water constraints, currency risk, and public-market visibility. For Hormuz, it should be treated as a core company node linking Isfahan, Mining & Metals, Manufacturing, Capital Markets, Trade & Transit, Power Shortage, Water Scarcity, and Currency Volatility. MSC is relevant to buyers and suppliers of flat steel, including hot- and cold-rolled coil, coated products, tin plate and slab. Its Tehran Stock Exchange listing also provides public-market relevance within Iran’s metals sector.
Constraints, risk & compliance
Key risks and constraints
Key evidence-based constraints include international sanctions exposure. Current production by product, recent export volumes and destinations, English-language financial reporting, employee count, and the operational effect of sanctions on individual contracts remain unverified.
Sanctions and compliance considerations
MSC is explicitly targeted by international sanctions, particularly measures administered by the US Treasury Department’s Office of Foreign Assets Control (OFAC). This creates material compliance considerations for transactions, financing, insurance, logistics and counterparties; the available evidence does not establish the impact on any specific operation or contract.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Mobarakeh Steel Company produce?
MSC produces hot-rolled coil, cold-rolled coil, galvanized coil, pre-painted galvanized coil, tin plate and slab.
Is Mobarakeh Steel Company publicly listed?
Yes. It is listed on the Tehran Stock Exchange under the ticker فولاد, with ISIN IRO1FOOL6001.
What steelmaking and rolling capacity is reported for MSC?
Group crude-steel production capacity was reported at approximately 10.3 million tonnes as of 31 December 2023. Main-plant hot-rolling and cold-rolling capacities were approximately 5.4 million and 2.8 million tonnes per year, respectively.
What sanctions considerations apply to Mobarakeh Steel Company?
MSC is explicitly targeted by international sanctions, particularly OFAC measures. Any engagement should be subject to transaction-specific sanctions, counterparty, payment, logistics and legal compliance review.