Isfahan Steel Co. spent a tough year. Despite the good production, the company could not cover its forecasted budget due to heavy recession in metals and steel market. The company had forecasted 500 IRR EPS for FY2014 which adjusted negatively to 65 IRR based on 9 months period performance. However, the company recognized 163 IRR EPS at the end of FY2014. Based on company’s reports, the company is suffering from the low demand in domestic markets but the cash export sales to countries such as Iraq, Oman, and Afghanistan reached more than 160 thousand tons in 2015. The company has predicted 85 IRR EPS for FY2015 and any boom in development and construction projects may double this number.