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NewsIran aims for 40 million mt/y with new DR-based projects

Iran aims for 40 million mt/y with new DR-based projects

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2016/01/05Date:
Iran is planning to more than double the country’s steelmaking capacity in the next few years, Platts learned from Mahdi Karbasian, chief executive of state minerals and metals holding company Imidro, speaking during the World Steel Association annual conference in Moscow last week.
Iran is planning to more than double the country’s steelmaking capacity in the next few years, Platts learned from Mahdi Karbasian, chief executive of state minerals and metals holding company Imidro, speaking during the World Steel Association annual conference in Moscow last week. He said: “At the moment the capacity of crude steel production in Iran is 17 million metric tons/year, but with launching of new projects the country’s capacity will be raised to 40 million mt/y within four years." With the very rich sources of energy in Iran, Imidro considers direct reduction technology as the basis for this for expansion. As the 15th largest producer of steel in the world, Iran has high potential to expand cooperation with foreign companies," he said. Karbasian listed the advantages of Iran's steel sector as availability of raw materials, rich energy resources, skilled workforce and easy access to open seas and markets of 14 neighboring countries. A steel specialist told Platts he believes that European steel companies might be very interested to implement new projects in Iran but, since the sanctions were imposed against the country, at the moment Chinese constructors are the main suppliers of technology to Iran’s steel industry. Iran specially needs technologies to decrease pollution and energy consumption as well as water consumption in steelmaking he said.