In compliance with the privatization scheme, a block of 5 percent of the equity shares of Esfahan's Mobarakeh Steel Company (MSC) was floated, by the government, on Tehran Stock Exchange today; and another 3 blocks of 5 percent will be floated within the next coming days. There are no restrictions for investment in these blocks, and foreign investors are welcomed to buy the coming offered blocks.
MSC is the largest manufacturer of steel in Iran. Its products consist of hot and cold rolled sheets and coils, pickled coils, narrow strip coil, tinplate sheet and coil, galvanized coil, prepainted coil and slab.