POST Online Media Lite Edition


Clear way for Iran's development plans of steel industry

Staff writer |
Managing Director of Isfahan Mobarakeh Steel Complex Bahram Sobhani said that Joint Comprehensive Plan of Action clears the way for development plans of the steel industry to produce 11 million tons sponge iron to rank first in the global scene.

Article continues below

He told IRNA that upon statistics, Iran total steel output in the first quarter of the year 2016 was 3.7 million tons and India stood the second producing 3.6 million tons.

Iran, India and Saudi Arabia took the three world ranks respectively in producing sponge iron.

Sponge iron is a product from direct reduction of iron ore and in this method, without melting iron-ore its oxygen will be removed, so the iron-ore would find a spongy shape and that is why it is called sponge iron.

One of the reasons for popularity of sponge iron is shortage of scrape and its high price and that it is environment-friendly.

Sobhani said that Mobarakeh Steel Complex is the largest producer of Flat Steel Products in the Middle East and North Africa.

He said that Iran ranks 14th among the world steel producers and that Iran could produce 16.5 million tons of steel last year.

The Joint Comprehensive Plan of Action (JCPOA), known commonly as the Iran deal, is an international agreement on the nuclear program of Iran reached in Vienna on 14 July 2015 between Iran, the P5+1 (the five permanent members of the United Nations Security Council—China, France, Russia, United Kingdom, United States—plus Germany),[a] and the European Union.

What to read next

European countries preferring Iran's steel to Chinese, Russian
Iran, Kuwait to build large steel mill
Iran to make $15 billion investment in mining