Iran’s largest steel plant with domestic tech to open next year
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has plans to complete Bijar Sponge Iron Plant in the western province of Kurdestan as the largest unit which will use an Iranian-developed technology to churn out direct-reduced iron.
Putting the progress of the unit at 40%, Mohammad Aqajanlou, the head of the IMIDRO said on Monday that the Bijar mill will produce 1.6 million tons of sponge iron per annum.
A total of 70 trillion rials ($116.7 million) has been invested in the construction of the project, which will create direct jobs for 500 individuals as well as 4,000 indirect jobs, the official stated.
PERED or Persian Reduction has been invented and patented by Mines and Metals Engineering, an Iranian engineering company registered in Germany.
The technology involves a direct reduction process converting iron oxides, in the form of pellets or lump ore, to highly reduced product suitable for steel making.