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Mehdi Sepahvand
Tehran, Iran - Iran has inaugurated a 500,000-ton steel mill in Bardsir, Kerman Province in a ceremony attended by Parliament Speaker Ali Larijani and Minister of Industry Mohammad Reza Nematzadeh.
The mill will produce 500,000 tons of rebar per year, creating 250 job opportunities directly as well as 700 more job positions via intermediates, the factory’s Public Relations Office told Trend February 11.
The mill came on stream with a budget of 1.5 trillion rials ($46.26 million) and 24.5 million euros by Sirjan Jahan Steel Complex.
The building of the factory had been stopped 20 years ago due to lack of economic justification, but was resumed two years ago, the company’s CEO Ali Abbaslu said.
He said the factory uses gas and gas oil as fuel, adding the feed comes as steel ingots from the same complex.
Abbaslu further announced that on the sidelines of inaugurating the mill, another project for the production of alloy steel was launched.
“The factory will produce 500,000 tons of steel alloy per year. An investment of 3.5 trillion rials ($108 million) will go into building it. We have set a goal for ourselves to inaugurate a new project every 1.5 years.”
Another part of the complex houses a steel mill with a capacity of 440,000 tons per year. The products are billets and are used for the production of rebar at a hot rolling mill.
© Trend News Agency 2017
