Iran Alloy Steel offered to public

About 65 million equity shares of Iran Alloy Steel Co. (IASCO) equivalent to 5% of total shares, (the first listed company in 2011) was publicly offered on Tehran Stock Exchange at the price of IRR 2,500.00 per share (＄0.24) with the total value of IRR3, 257 billion (US＄313 million).

Launched in 1994, IASCO is a well-known alloy and special steel producer in Iran and the Middle East and one of the most advanced alloy steel producers in the world with a capacity of 140,000 tonnes per year. The steel making plant, heavy section mill, light section mill, heat treatment and finishing plants of the company are equipped with modern facilities and the most updated know-how technology, which guarantees the best quality production of different alloys and special steel grades, based on international standards, according to IASCO.

IASCO also employs the technology for designing more than 160 steel grades in different groups and producing micro-alloy steel containing boron, vanadium, titanium and niobium.