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New Consortium to Add 10 MTPA to Iranian Steelmaking Capacity

The project will take five years, cost $5 billion and create 10,000 jobs
New Consortium to Add 10 MTPA to Iranian Steelmaking Capacity New Consortium to Add 10 MTPA to Iranian Steelmaking Capacity

An agreement to increase Iran's annual steel production capacity by 10 million tons per annum (MTPA) by establishing a steel mill in Persian Gulf Special Economic Zone in the form of a consortium was signed on Tuesday at Iranian Mines & Mining Industries Development & Renovation Organization.
The consortium consists of seven companies, namely IMIDRO, National Iranian Steel Company, Civil Servants Pension Organization, South Kaveh Steel Company, Golgohar Mining and Industrial Company, Maad Koush Company and Persian Gulf Saba Steel Company.
Governor of Hormozgan Province Fereydoun Hemmati and Chairman of IMIDRO’s Board of Directors Khodadad Gharibpour were present in the signing ceremony.

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