Jahangiri to inaugurate two steel projects today
First Vice President Es’haq Jahangiri will inaugurate Shadegan Steel Company and Arvand Steel Complex in Khuzestan Province today. According to imidro.gov.ir, in a twoday visit to Khuzestan Province, the official will also inaugurate Aluminum Smelting Plant and Bakhtiari Refinery Complex of Masjed Soleiman.
The steel company will produce 800,000 tons of direct reduced iron (DRI) or sponge iron annually.
The company is also building an electric arc furnace-based steelmaking plant that is slated for completion by May 2018.
The project’s annual capacity will be four million tons after the completion of the second phase.
That plant is located in Iran’s southwest, close to Iraq, and will be able to meet some of Iraq’s future crude steel demand.
The new projects will add a combined 4.8 million tons per year of sponge iron capacity to Iran’s current capacity.
Shadegan’s DRI plant will use a domestic Iranian DR technology called PERED or Persian Reduction, invented and patented by MME Co., an Iranian engineering company registered in Germany.
This is the first DRI plant to use the technology.
Shadegan Steel is owned 65 percent by Khouzestan Steel Company, Iran’s second biggest steel producer, and 45 percent by IMIDRO.
“Shadegan plans to complete five other modules at various locations in Iran by March 2018,” Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) Managing Director Mehdi Karbasian said in a statement in May.