Iran Exports DRI Technology PERED to Chinese Company

China’s Shanxi Taihang Mining Co. Ltd, known as CSTM, is now taking operational steps to apply the Iranian direct-reduction technology called PERED, or Persian Reduction, invented and patented by Mines and Metals Engineering GmbH, an Iranian engineering company registered in Germany.
Speaking to Financial Tribune in an exclusive interview, the engineering manager of MME, Hossein Aziztaemeh, explained that the contract with CSTM to import the Iranian technology was signed in May 13, 2013. However, the implementation of the project was delayed over the years due to several reasons. 
"The Chinese did not find production of direct-reduced iron economically viable, but things changed after the Chinese government imposed heavy taxes on ‘unclean’ industries," he said.