Khuzestan Steel Plans Production Increase by 2016
This will be achieved by establishing new plants and generating new jobs. The company could only produce 2,2 Mt steel, while the figure reached 3,5 Mt in the last Iranian year (ended 20 March 2013). During 21 March – 22 September, steel ingot production grew by 7 % and pellet output by 14 % compared with the corresponding period of last year. As Iran’s biggest steel ingot producer, KSC has produced 1,857 Mt of ingots in the first half of the current year. The company’s share in the stock exchange amounts to USD 33,333 billion. The company is Iran’s first steel and iron production plant that uses direct reduction method. It became operational in 1988 and in less than a decade, its nominal production capacity reached 1,5 Mt/a. The company has three major units for producing and distributing middle and final products. Iran’s main steel mills are located in Isfahan and Khuzestan provinces. The major raw steel producers of Iran are Mobarakeh Steel Mill with approximately 47 % of the market share, KSC with about 23 %, Isfahan Steel Mill with about 20 % and the Iran National Steel Industries Group with approximately 10 % of the market share.