VIDEO: Iran’s ambitious growth plans attract investor interest

Iran plans to double its steel production capacity to around 35 million tonnes over the next three-to-four years and is eager to attract foreign investment to its mining and steelmaking projects.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

{BrightcoveVideo}
A panel of seven Iranian companies and a sizeable delegation from the country created a buzz at Metal Bulletin’s recent DRI & Pellet Congress in Abu Dhabi in late April.

Potential international partners are clearly interested in having discussions ahead of sanctions being lifted.

In this video, Steel First editor Vera Blei outlines the Iranian steel sector’s ambitions, particularly in direct-reduced iron (DRI), and looks at the factors that are still limiting its planned export growth.

What to read next
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed