The CEO of Hormozgan Steel Company warned about the decrease in the dollar price of steel compared to previous years, stating: This year, all steel companies have faced an increase in revenue and profitability, and the increase in rial revenue and profitability hides the reality of the steel industry among managers, which is that the situation is favorable; while the dollar price of steel products and revenue is much lower than last year.
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A Rial Perspective on Profitability Hides the Realities of the Steel Market
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November 10, 2026
1 min read
📰 Donya-e-Eqtesad
📋 Key Takeaway
The CEO of Hormozgan Steel Company highlights a discrepancy between rising rial revenues and declining dollar prices in the steel market. This situation suggests that while companies report profitability, the underlying economic conditions may be less favorable than they appear. Understanding this discrepancy is crucial for assessing the true health of the steel industry.
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Translated from the original and edited for English readers. View original source →
Translation confidence: 85%
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