Baft Steel Company Launches DRI Production Plant

President Hassan Rouhani inaugurated Baft Steel Company’s new direct reduction iron plant on Monday during a visit to Kerman Province. 
The DRI production plant has an annual capacity of 800,000 tons, IRNA reported.
The plant’s development started in the fiscal March 2007-08 in a 612-hectare land. It has created 250 direct and 2,500 indirect jobs.
President Rouhani also broke ground on another project at Baft Steel Company on Monday, namely a pellet and briquette production unit with a capacity of 2.5 million tons per year. Launched by Iranian Mines and Mining Industries Development and Renovation Organization, the project requires an investment of €250 million. It is expected to become operational in the second half of the Iranian year 1401 (March 2022-03) and create 500 direct and 5,000 indirect jobs.