The new development project of Iranian steelmaker Mobarakeh Steel Company for an additional annual crude steel capacity of 1.2 million mt was formally inaugurated on Monday, May 4 by Iranian vice president Parviz Davoodi and minister of industries and mines Ali-Akbar Mehrabian.
With the new development project which has cost a total of €100 million plus Rials 2,000 billion, Mobarakeh Steel's annual capacity will rise from 4.2 million mt to 5.4 million mt. The under-roof development project consisted of the upgrading of Mobarakeh's meltshop, including the installation of additional equipment.