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Steel production to hit 16m tons by 2006
2004 August 22

With the help of the private sector, annual production of 16 million tons of steel by the year 2006, is plausible, said vice chairman for planning and development affairs of Iran’s National Steel Company.

Ayyar Bahmanrezaei referred to the recent comments made by the Iranian President Seyyed Mohammad Khatami in this regard and stressed that the public sector is not able to accomplish the task all by itself.

For achieving the goal, no new investment is needed. However, the investments made by the private sector including Samangan Steel Co. and Ardabil Steel Mill, the objective would be materialized, he further added.

Steel Rebar export from Insig co. Iran to Bahrain
2004 August 18

Insig co exported 5000 mt of steel rebars to Bahrain in June 2004.
Find more company info on 

Khatami inaugurates Qorveh Steel Mill
2004 August 18

President Seyyed Mohammad Khatami inaugurated Qorveh Steel Mill in western Province of Kurdestan on Tuesday, 
Iranian Students’ News Agency (ISNA) reported.

The plant located 37 kilometers east of Qorveh City, is constructed on 100 hectares of land. Over Rls.127 billion ($14 million) and $3.85 million has been invested in the mill, resulting in the creation of 300 job opportunities. Construction operations of the project started in 1995, the report noted.

Khatami arrived in Kurdestan Province early Tuesday to inaugurate a number of newly completed industrial projects.

1.8m Tons Of Steel To Be Exported By Year-End
2004 August 16

Iran plans to export 1.8 million tons of steel before the termination of current calendar year (March 20), 
which shows a 20 percent rise as compared to last-year records, an official announced here Sunday.

Fars News Agency quoted the head of Industrial and Mineral Development and Renovation Organization (IMIDRO) of Iran, a subsidiary of Ministry of Industries and Mines, Mostafa Moazzen-Zadeh as saying that a sharp increase in the world steel prices is a good opportunity for Iran to increase its steel export.

“We have recently increased our export to Europe due to its high demand of steel,” Moazzen-Zadeh said.

He assured the increased steel export would impose no shortages on domestic market.

Last year, Iran exported over 1.6 million tons of steel.

Iran plans to boost proven iron ore reserves
2004 August 10

  Some 2 billion tons of proven iron ore reserves have been so far discovered in Iran, a senior mining sector official said Sunday. 

The English-language daily Iran Daily on Monday quoted Mostafa Moazzenzadeh, chairman of the Mining Development and Renovation Organization, as saying that systematic exploration operations carried out by the organization are expected to raise the amount to three billion tons by 2010. 

The growth in China's demand for iron ore as well as the three-fold jump in the international mineral transportation costs have made the development of the mining sector and optimum exploitation of existing reserves a necessity for the government. 

According to him, 11.5 million tons of iron ore were mined last year. Noting that the iron ore production capacity will hit 16.8 million tons by March 2005, the official said 40 million tons of iron ore have to be extracted to produce the targeted 25 million tons of steel per year. 

Iran's Ministry of Industries and Mines has pledged to supply 65 percent of the financial requirements of the exploration projects, IRNA reported. 

Outokumpu wins $60m order for Gol-E-Gohar pelletizing plant
2004 August 7

  Outokumpu Technology has been awarded a contract by Gol-E-Gohar Iron Ore Company for a new pelletizing plant to be built in Gol-E-Gohar in the province of Kerman, the Islamic Republic of Iran. The total value of the project is about EUR 140 million, of which Outokumpu's scope of technology supply is about EUR 50 million. 

The new plant will be built in collaboration with Concrete Industries & Copper Investment Consortium (CIC), one of the leading Iranian construction companies, ABB Switzerland and TAIM, Spain.

Gol-E-Gohar Iron Ore Company operates the biggest iron ore mine in Iran. The new pelletizing plant, once operational, will produce 4 000 000 tonnes of direct reduction quality iron pellets per year. Besides the two plants in Ahwaz and the plant in Mobarakeh near Esfahan, it will be the fourth Iranian pelletizing plant featuring a Lurgi traveling grate system. Outokumpu Technology with the acquisition of former Lurgi Metallurgie GmbH is the market leader for pelletizing technologies for the ferrous and ferroalloys industries.

Outokumpu's pelletizing technology was selected due to its capability to process a wide range of iron ores, including the magnetites of the Gol-E-Gohar deposit, which are specifically rich in sulphur.

The Gol-E-Gohar pelletizing plant is already the second major technology delivery of Outokumpu to Iran announced this year. In June, Outokumpu's technology was chosen for the largest zinc plant of Iran. 

Iran To Lay Railway Track To Link Kerman With Zahedan
2004 August 7

Iran Railways has decided to lay a railway track to connect Kerman with Zahedan to improve the freight business between Pakistan and Iran.

This was said in a meeting between senior Iran Railways officials, including Yar Mantay, Hussein Tahami and Seyyed Jalil Winth, and Pakistan Railways (PR) General Manager of Operations Aurangzeb Khan and other senior PR freight officials at PR headquarters on Thursday.

Presently, no railway link exists between these two cities and Iranian track ends at Kerman while the track from Pakistan ends at Zahedan. Businessmen from both sides use other means to transport goods between the two cities. The Iranian delegation told the PR officials that the 18-month project would start after formal approval of the authorities concerned. 

The PR general manager told the delegation that business between the two countries would grow after the completion of the project.

The PR additional general managers for passenger and freight wings also met Mr Khan and informed him that the PR earned Rs 1.40 billion during July 2004, Rs 260 million more than it earned in July 2003.
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