Iran’s Hormozgan Steel raises output 70% year-on-year

Iranian steel producer Hormozgan Steel (Hosco) produced 80,000 tonnes of crude steel in the first month of the new Iranian year that began on March 20.

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That is an increase of 70% compared with 47,000 tonnes in the corresponding month last year, according to the Iranian Mines & Mining Industries Development & Renovation Organisation (Imidro).

Hosco also produced 132,000 tonnes of direct reduction iron (DRI) in the first month of the year, up by 21% year-on-year.

Hosco is Iran’s most modern mini-mill and has a nominal capacity of 1.5 million tpy of slab.

The mini-mill is located in Bandar Abbas, one of the country’s major ports on the Arabian Gulf, and came on stream in 2011.