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South Hormozgan Steel Company Public Joint Stock (Iran)

Main Activities: Iron and Steel Mills and Ferroalloy Manufacturing
Full name: South Hormozgan Steel Company Public Joint Stock Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Main Activity of The Company is Exploitation of the steel making plant and any production, trading and business activities, both domestic and foreign, which are directly or indirectly related to the subject of the company, participation and investment in other companies. participation and investment in other companies through the establishment or commitment or purchase of shares of new companies. Commitment of shares of existing companies and assistance to cultural, educational and sports institutions and performing any contracting operations of production, repairs, training and transfer of technical knowledge.
The Company was established as a private Joint Stock company under a registration number 12886 on 17 August 2011.
The Company changed its legal form to Public Joint Stock Company On 2 October 2013 .
The Company was listed in Iran Fara Bourse on 8 September 2013.
About The Company:
The company is located next to the evergreen Persian Gulf on a 95-hectare land 13 km west of Bandar Abbas and in the Special Economic Zone for Mining and Metal Industries of the Persian Gulf, which will become the third steel hub of the country.
The company s characteristics are proximity to the azure waters of the Persian Gulf for easy access to open waters, proximity to the huge Assaluyeh gas reservoirs, proximity to the Gol Gohar iron ore reserves, Shahid Rajaei port complex and road and rail transportation.
The plan to build a huge steel complex in 1999 in Hormozgan province was put on the agenda of the esteemed Economic Council and after approval of the executive steps of the largest project of the Ministry of Industries and Mines, including excavation, concreting, construction of huge steel docks and thousands of tons of materials and equipment. Another need began in 2006.
Direct Rehabilitation Unit (Iron Manufacturing Plant) with an annual capacity of 1650 thousand tons of sponge iron in 32 months with the unremitting efforts of local specialists and craftsmen, which is a unique record in the country and entered the road phase in September 2008. The cold start was launched in March of the same year with the presence of the President.
In 2010, the steelmaking unit also entered the hot test phase, which coincided with the Eid al-Fitr in August of that year, the first melting of the electric arc furnace, and on April 15, 2011, the first test bed of Hormozgan Steel Company was produced.
Hormozgan Steel Company has a nominal capacity of 1.5 million tons of slabs (slabs) with a thickness of 200 and 250 mm, a width of 900 to 2000 mm and a length of 6000 to 12000 mm. The company is also able to produce intermediate products such as 1,650,000 tons of sponge iron per year, 90,000 tons of lime per year, 7,500 normal cubic meters of oxygen per hour, 18,000 normal cubic meters per hour of nitrogen and 120 normal cubic meters per hour. Is argon.
Hormozgan Steel Company, with the latest advanced achievements of the steel industry and benefiting from specialized and experienced human resources, plans to offer its products to domestic and foreign markets based on customer-centric method and customer request.
With the investment of 13,000 billion rials in this company, the field of sustainable employment of 1500 people directly and 6 thousand people has been provided indirectly, which will increase to 3 thousand people directly and 12 thousand indirect people by implementing the development plan.
The steels produced by this company are mainly carbon steels for hot and cold rolling and roll application.
The company s production slabs are used in hot rolling line, mainly for profiling, water pipes, oil and pressure vessels and heavy steel parts, and cold rolled sheets are used for car body sheet, home appliance body These include refrigerators, heaters, as well as special applications such as tin and galvanized sheets.
The full exploitation of this company, the country will be self-sufficient in the field of wide slabs.
The company s products comply with standards such as ISIRI (National Standard of Iran), (ASTM, SAE / AISI, US API, Bs (UK), DIN (Germany), EN (International), JIS (Japan) and ISG (Internal Governor) it is produced.
Unique features of this company:
Using the Dog House pollution control system to control and reduce pollution for the first time in the country The existence of one of the most advanced desalination plants in the south of the country to use seawater in the production process of the widest slab in the country with a width of 2000 mm to produce pipes Oil and gas transfer Possibility of producing slabs with two thicknesses of 200 mm and 250 mm in order to diversify production and gain a leading position in the market for production of high carbon steels for production of high strength steels Production of the heaviest slab in the country weighing 46 tons Using lime kiln Twin vertical vertical cooking The highest spill casting speed in the country, a maximum of 1.6 meters per minute to increase production efficiency Using a 95 sponge charging system (the ability to keep 60 tons of molten fuel in the furnace) whose independence does not depend on scrap market fluctuations is. No need for slag pots and slag discharge on the ground to remove the waiting time of the pot and increase the efficiency of the vertical vertical casting line to produce quality steels, increase the production of high quality melting and reduce impurities to change the width during casting to reduce time Preparing and increasing production of one of the most advanced casting and fully automation machines for slab production.
Research and Development Goals:
Among the most important goals and macro research priorities of Hormozgan Steel Research and Development Unit are:
1- Identifying and using new technologies and trying to achieve technical knowledge to produce new products and upgrade production products based on market and customer needs.
2- Identifying and solving process problems, bottlenecks and factors affecting the efficiency and continuity of production and increasing energy efficiency.
3- Presenting specialized seminars and conferences on new technologies and efforts to publish and share the acquired knowledge by presenting articles in scientific and academic forums.
4- Carrying out research in order to eliminate or reduce waste, extraction of valuable materials from waste and conversion of waste into higher value-added materials.
5- Creating interaction and cooperation with HSE department in order to carry out research projects in order to protect the living environment, employee health and sustainable production.
Titles and honors:
Presenting more than 50 scientific articles from research activities in national and international conferences and scientific journals
Holding the first national conference on continuous casting in the country in 2019
Receive the Golden Tablet of the top Iranian product for the production of CK50 grade steel slabs
Selection as the top research and development unit of Hormozgan province in 2018-2019
Production of the best research and development product of Hormozgan province in 2018
Achieving the second rank of presenting articles of the Steel Symposium in 2018
Receive the top plaque in support of the top research project at the 2019 Hatem Festival
Received a national research and development license in 2017
Extensive and continuous communication with the scientific and academic community of the country through the conclusion of re-research contracts with more than 20 universities, research centers, parks and the country s top knowledge-based companies.
Attracting the participation of hundreds of professors, researchers and students in the implementation of research projects of the company and helping to promote the knowledge and experiences of academics in the field of industry
Attracting the active participation of knowledge workers in the organization at various levels of expertise and management in conducting research activities

Legal Address
13 Km Of Shahid Rajaee Highway, Special Economic Zone For Mining Metallurgical Industries, South Hormozgan Steel Complex
Bandar Abbas; Hormozgan; Postal Code: 7917176319

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Website: http://www.hosco.ir

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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95.2%
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0.8%
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0.6%
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0.1%
Subsidiaries
Honam Steel Metals Supply Company Bandar Abbas Steel
Hormozgan Stone And Steel Company Private Joint Stock
Hormozgan Toka Sanat Steel Company
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Net sales revenue
53.71%
Total operating revenue
52.19%
Operating profit (EBIT)
69.91%
EBITDA
81.51%
Net Profit (Loss) for the Period
39.12%
Total assets
28.61%
Total equity
26.95%
Operating Profit Margin (ROS)
2.39%
Net Profit Margin
-2.09%
Return on Equity (ROE)
2.28%
Debt to Equity Ratio
-8.21%
Quick Ratio
0.01%
Cash Ratio
-0.04%

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