Wed. Jul 10th, 2024
Direct reduced iron in Iran (DRI) Production Receives a Major Boost: Baft Steel Complex Company Achieves Remarkable MilestonesDirect reduced iron in Iran (DRI) Production Receives a Major Boost: Baft Steel Complex Company Achieves Remarkable Milestones

The second phase of the Baft steel complex company project, a major undertaking industry and mining in Iran, has been completed with commendable results. The project, which is a subsidiary of the Tourism Financial Group, has played a significant role in upgrading the country’s steel industry.

The project has increased the production capacity of Baft steel complex company from 800,000 tons to 1.6 million tons of sponge iron per year. The second phase of the project was completed in 32 months, despite facing challenges such as legal changes, the COVID-19 pandemic, and problems in providing electricity and gas.

The project has created sustainable employment for over 600 people directly and indirectly, not only in the province of Baft, which is considered one of the less developed regions, but also on a wider scale on the economic development and progress of the country.

The second phase of the Baft steel complex project is one of the development-oriented initiatives of Mehdi Jahangiri, chairman of the Tourism Financial Group, which was implemented in line with the promises of 2023 to revitalize projects. Previously, the first phase of this project had been commissioned with the cooperation of the Mahan Industries and Mines Development Holding, one of the largest industry and mining in Iran, with the goals of self-sufficiency and the production of strategic sponge iron products.

Iran’s industrial and extractive industries

Sponge iron is an important and strategic product in the steelmaking industry. It is obtained through the process of converting raw iron ore and has a wide range of applications in the production of crude steel, alloy steel, and granular sponge iron products. The use of this product helps to reduce production costs, reduce environmental pollution, and meet international standards.

Baft steel complex Company markets its products to domestic and international markets, with an emphasis on quality and competitiveness. The company’s success is due to the hard work and dedication of its management team and employees, who are committed to the company’s goals and objectives.

In conclusion, the second phase of the Baft steel complex company project is a significant achievement for Iran’s industrial and mining sector. The project has helped to upgrade the country’s steel industry, create sustainable employment, and contribute to the economic development and progress of the country.

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