11577
Ardekan Steel Mill Near Completion
Economy, Business And Markets

Ardekan Steel Mill Near Completion

The Chadormalu mining and industrial company has launched two steel projects in order to complete its steel manufacturing chain, Fooladnews reported. The industrial steel plan will be inaugurated by summer while the direct reduction unit will complete in the Iranian year 1395 (to start March 21, 2016) the report added. According to Chadormalu Company, the two projects cost 13.5 trillion rials ($488.6 million based on official currency exchange rate) and will increase the direct-reduced iron (DRI) production capacity by 1.3 million tons per year. The company’s iron ore pellet manufacturing unit is currently producing 3.4 million tons of pellets per year and the two new units will help increase the value added for the company. As many as 7,000 people directly work for Chadormalu while the company employs 35,000 others indirectly.

Short URL : http://goo.gl/GWCTef

You can also read ...

The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
New Veep for Economic Affairs
President Hassan Rouhani appointed Mohammad Nahavandian as his...
Amazon, Ebay Purchases Via Third Party Website
A payment facilitation website called ‘Laklak’  (meaning stork...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...
Carpet Exports Exceed $70m in 3 Months
Around $74 million worth of machine-woven carpets were...
Computer Algorithm Maps Brain for First Time
A US research team for the first time has developed a computer...

Trending

Googleplus