The 9-month performance review of Saba Foulad Persian Gulf Company was held.
According to the Public Relations of Saba Energy Holding, a comprehensive report on the company’s production, sales, financial status, infrastructure, and legal affairs was presented during the session. Based on this report, gas consumption efficiency has improved by approximately two percent, and despite the gas price increase to 8,200 tomans, the energy efficiency index shows positive growth.
In the sales sector, the company’s domestic performance was assessed as stronger than its export sales. Company managers stated that despite global market fluctuations and export restrictions, production has remained stable, and the domestic market continues to serve as the primary driver of sales and profitability.
In the financial domain, securing four trillion tomans in facilities for raw material procurement and accelerating the collection of receivables were among the key actions taken during this period. Additionally, tax files related to previous years were reviewed under Article 132 of the Direct Taxation Act, and a significant portion of them was finalized.
Other key topics addressed in the meeting included the 42% progress in the construction of Direct Reduction Plant No. 2, obtaining the establishment permit for a steelmaking and rolling mill with an annual capacity of three million tons, and continued cooperation with scientific centers and knowledge-based companies in research and development.
During the session, Ali Panahi expressed appreciation for the efforts of the managers and employees of Saba Foulad Persian Gulf and emphasized the importance of maintaining development programs and strengthening synergy among the holding’s subsidiaries.