Ghadir Neyriz Steel’s 9-Month Performance; 549% Growth in Domestic Billet Sales

Ghadir Neyriz Steel, as one of the important and influential subsidiaries of the International Development of Ghadir Industries and Mines Company, during the 9 months of the current fiscal year (September 22, 2025, to June 21, 2026), managed to break billet sales records in domestic and foreign markets by a significant and growing margin compared to the same period last fiscal year, recording a 549% increase in domestic sales and a 100% increase in export sales, ultimately achieving a 130% growth in total product sales revenue.

During the 9 months of the current fiscal year 2025–2026, the company sold 429,569 tons of steel billet in the domestic market, compared to 66,151 tons recorded in the same period last fiscal year, representing a 549% growth. Additionally, in the export sales sector, we have witnessed a 100% growth. Export billet sales in the 9 months of the current fiscal year reached nearly 39,000 tons, whereas during the same 9-month period of the previous fiscal year (2024–2025), no billet was exported to target market countries.

(This 100% growth in export sales market heralds prosperous days ahead for sales and expansion of export markets.)

Regarding DRI (direct reduced iron) sales during the current fiscal year, which recorded 28,000 tons compared to 416,470 tons in the previous year, it can be said that the strategic objectives of Ghadir Neyriz Steel, set by the new senior management of the group, indicate a move toward final product production and creating greater added value. In this way, the majority of DRI, instead of being sold, has been consumed by the production unit to produce more billet and supply it to the market.

Among other important points worth mentioning is Ghadir Neyriz Steel’s product sales on the commodity exchange; during the 9 months of the current fiscal year, it has recorded acceptable records in terms of demand exceeding supply and achieving the highest sales prices for consecutive weeks, securing the top position in the sales ranking.

Looking at Ghadir Neyriz Steel’s performance during the 9 months of the fiscal year 2025–2026, we see that the volume of product supply on the commodity exchange was 450,800 tons, which compared to the same period (9 months of 2024–2025) when 155,300 tons were recorded, represents a 190% growth in supply.

In terms of sales prices, we also see a 35% growth in the unit price of billet in the domestic market and a 100% growth in the unit price for foreign or export markets.

Overall, the total sales revenue for the 9 months of the current fiscal year in domestic and foreign markets amounted to 19,800 billion tomans, which, compared to the same 9-month period of the previous fiscal year when total sales revenue was 8,605 billion tomans, represents a 130% growth.

It is worth noting that product sales by the end of the 9 months of the current fiscal year grew by 88% in the domestic market, 12% in the foreign market, and 85% on the commodity exchange (total products).