On 9 March 2011, 65 Million of equity shares of Iran Alloy Steel Co. equivalent to 5 percent 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 USD) with the total value of IRR 3,257 billion (USD 313 million).
Iran Alloy Steel Co. (IASCO), 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, has been launched in 1994. 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.
IASCO products are extensively used in different industries such as oil and petrochemical plants, automotive parts, machinery, tool manufacturing, medical, surgical and other industries.
The plant utilizes the most advanced and sophisticated technology for the production of different alloy steels with maximum flexibility and high quality output in the Middle East,and capacity of 140,000 ton/year.
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.