New DRI plant launched in Iran

Ghadir Iranian direct reduced iron plant has been launched in the central Iranian city of Ardakan with a ceremony attended by Mr Mahmoud Ahmadinejad president of Iran. The annual production capacity of the plant is reported to be 800,000 tonnes. Construction of Ghadir Iranian plant began 5 years ago. The cost of the project is estimated at IRR 175 billion.

Mr Ahmadinejad said that Iran is the world's second largest producer of direct reduced iron after India. Iran's steel production capacity is currently 19 million tonnes annually and we have made plans for the figure to reach 42 million tonnes a year. The output of the plant will be supplied to steel production units nationwide.