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24 Nov
00:00

Stalled Iranian DRI plants back on track, in funding talks with Chinese

Four out of seven previously-stalled direct reduced iron-based (DRI) steelworks in Iran are back on track after securing financing through letters of credit, according to Mehdi Karbasian, chairman of the Iranian Mines and Mining Industries Development and Renovation Organization (Imidro). DRI plants at Shadegan Steel in Khuzestan Province, Sefid Dasht Steel in Chaharmahal and Bakhtiari, Miyaneh Steel in East Azarbaijan and Neyriz Steel, Fars, which began con…
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