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05/25/13

Iran, second biggest sponge iron producer in world

Source: ISNA

Iran is the second largest producer of sponge iron in the world, said Deputy Head of Iran's Steel Alloy Company Assadollah Farshad.

"Iran is the largest iron sponge producer in the world in terms of quality and quantity. Iran's home-made product is gas-fueled reaching 15 million tones. Iran is followed by India whose output hits over 22 million tons. India uses coal to produce iron sponge while Iran makes the material with gas, making less environmental pollution," Farshad told a press conference.

Last month, Iranian President Mahmoud Ahmadinejad inaugurated the country's second sponge iron plant, and oxygen-nitrogen unit of Saba Steel Complex in the central Iranian city of Isfahan.

The iron sponge plant with the annual output capacity of 1.5 million tons will increase the country's total sponge iron production to 10 million tons per year.

The plant developed on a $193 mln budget will create 700 jobs in the region.

Also the oxygen-nitrogen unit of the Saba Steel Complex founded on a $540,000 mln investment has created some 230 job opportunities for the people.

The unit produces 20,000 cubic meters of oxygen, 16 cubic meters of nitrogen and 200 cubic meters of argon.

Late October, Ahmadinejad inaugurated a steel plant and the sponge iron production line in the plant in the country's Persian Gulf Kish Island.

The direct reduction steel factory named Kaveh which was developed by $1.4bln budget will create 1,300 jobs in the region.

Iran ranks third in Asia and 11th in the world in terms of iron reserves.

Iran is among the 15 major mineral-rich countries and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India and Afghanistan.

... Payvand News - 05/25/13 ... --



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