Some Iranian iron and steel makers in collaboration with a number of domestic metal investment companies have invested Rls.600 billion (around 65 million U.S. dollars) in the project, Asadollah Farshad, deputy head of Iran Steel Alloy Company, told MNA.
He added that the plant’s nominal capacity would be 3,400,000 tons.
Also, based on the iron ore agglomeration complex development plan scheduled to be implemented in three phases, three sponge iron production modules as well as three steel production units will be put in operation, he explained.
An Italian contractor company in collaboration with two domestic companies has already started the work, he added.
RA/MA
END
MNA
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