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.

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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.

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