The Annual General Meeting of the shareholders of Sangan-Khorasan Steel Mining Industries Company (SSMIC) was held with the presence of shareholder representatives, members of the Board of Directors, the CEO, vice presidents, and several company managers.

At the beginning of the session, following the appointment of the Chairperson, Supervisors, and the Secretary of the Meeting, Mr. Ali Amraei, CEO of SSMIC, expressed his appreciation for the continued support of shareholders over the past year. He stated:
“Despite numerous challenges in 2024, through precise planning and optimized management, we were able to overcome many of these obstacles. Our production of over 5 million tons of pellet and 4.5 million tons of concentrate is a testament to this achievement.”
He further acknowledged the efforts and dedication of the SSMIC workforce and expressed hope that in 2025, with continued shareholder support and the tireless work of employees, the company would meet its defined objectives.

Mr. Mohammad Zamanian, Vice President of Finance and Economics, then presented a detailed report on the company’s operations.
He announced that in 2024, the company achieved numerous records in production, sales, and logistics. According to Zamanian, SSMIC produced 5,064,000 tons of pellet — exceeding the plant’s nominal capacity — and 4.5 million tons of concentrate during the past year.
He added that the company reached a record daily production of 20,110 tons of pellet and 19,020 tons of concentrate — both above the designed daily capacity of the production lines.
Furthermore, monthly production records of 497,000 tons of pellet and 481,000 tons of concentrate were also registered. Cumulative pellet production has now reached 26.5 million tons.

Simultaneously, the company recorded a monthly sales record of 502,000 tons and a daily sales record of 24,700 tons. Zamanian explained that 58% of total products were transported via rail and 42% by road.
He attributed this growth in transport and sales compared to previous years to the launch of the company’s dedicated road transport fleet and confirmed plans to further enhance this process in the current year.

According to the Vice President of Finance and Economics, the total volume of transported and sold products in 2024 exceeded 4.555 million tons, resulting in a profit margin of 23%.
This milestone positioned SSMIC as the most profitable company within the Mobarakeh Steel Group and established it as a reliable player in both the stock market and the commodities exchange.

Zamanian emphasized that through strong shareholder support and disciplined operations aligned with the company’s strategic plan, both financial and production targets for 2024 were successfully achieved.

Following his remarks, the independent auditor’s report was read, and shareholders along with SSMIC’s executive team shared their perspectives and feedback.

At the conclusion of the meeting, Mr. Akbari Mohammadi, Chair of the Assembly and representative of Mobarakeh Steel Company, praised the performance of SSMIC personnel and reiterated the shareholders’ commitment to supporting the company’s strategic directions across various areas.
He also pointed to the challenges facing the industrial sector in the current year and stressed the need for coordination and planning to mitigate their impact on business operations.