The Forum for Partners in Iran's Marketplace

September 2018, No. 88

IMIDRO Exclusive

Gov’t, Private Sector United
on 55mt Steel Output

Chairman of the Board of Directors of IMIDRO (Iranian Mines & Mining Industries Development & Renovation Organization), said at a meeting on monitoring steelmaking plans in the country, that the launch and development of semi-finished projects have been implemented with an approach of convergence and synergy both by the government and the private sector.

Dr. Mehdi Karbasian, speaking at a meeting with the private sector company directors in the steel chain, said: “The launch of semi-finished mining and mineral sector projects since the beginning of the eleventh (Hassan Rouhani) government has been a major step in balancing the steel chain and shifting the country towards reducing crude sale in this sector.”

He stipulated, “Launching projects and boosting production capacities promise that we are one step closer to relying on ourselves and the development of the steel chain from the mines to the downstream products is one of the pivots of the Resistance Economy.”

He added that the use of domestic resources, the growth of production and the creation of jobs are the effects of this great national movement and wealth generation in the country. Also, balanced development, elimination of deprivation and improvement of the quality of local communities are the result of these actions, he noted.

The IMIDRO CEO said that the supply of concentrates was of interest to steel companies, adding that Khouzestan Steel Company bought the concentrate project of the National Development Company in order to complete the steel chain, while it had no feedstock backing before the purchase.
A report on the status of the projects was also presented at the meeting. According to the report, the pelletizing project of Omid Noor Qaem Technical Development Steel Company with a production capacity of 600,000 tons, has made 81.67% progress and is expected to be operational by the end of the current Iranian calendar year (March 2019).

Also, Rasht Khar Steel Company with a capacity of 1.2 million tons of pellets has made a physical progress of 31.1 percent. Due to the problems it faces, the project will be operational early in the summer.
The report also said that the plan for the production of mineral resources in the Sharq Foolad (Steel) Company of Khorasan with a production capacity of 2.5 million tons of concentrates has recorded a physical progress of 19.41 percent, and the plan of the National Industrial & Mining Development Company with a capacity of 2.5 million tons of pellets has made a progress of 86.33 percent and will be commissioned by the end of the calendar year (March 2019).

Foolad Sharq Kaveh Steel Company project with a capacity of 2.5 million tons has made a physical progress of 45.61 percent, and Kaveh Pars Mining Industries Development Company project with a capacity of 2.6 million tons of pellets, has already recorded 11 percent of physical progress.

Torbat Heydarieh Steel Complex also has made a physical progress of 22.26% in sponge iron, melting and rolling sheets, and in infrastructure, engineering, logistics, building, installation and commissioning.

The meeting also heard a report on physical progress of Maad Koush pelletizing plant, steel bar project of Kish South Kaveh Steel Company, Boein Zahra Steel Mill project, and Alborz Nab Arash Steel Complex at 83%, 53%, 80% and 77% respectively.


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  September 2018
No. 88