Iran’s Baft Steel resumes construction with private sector investment

Work on Iran’s Baft Steel project has restarted under new private investor, the Mahan Mines & Industries Development Co.

Baft Steel is one of eight 800,000-tpy provincial mini-mill projects launched by the Iranian government in 2007. The project will be completed in two phases, according to Mahdi Jahangiri, chief of the board of directors at the investment firm. The first...


Sohrab Mehrabian

June 15, 2016

20:50 GMT