South Steel Complex
South Steel Complex was registered in May 2003 with 51% investment from the Iranian side and 49% from foreign parties (Indian Muslims) and in April 2004, the construction of an iron smelting plant with the capacity to produce 300,000 tons of ingots per year was started on the land.
It started with an area of 4 hectares and in the special economic zone of the Persian Gulf with a volume of 340 billion Rials. The highly capable personnel of South Steel Complex completed the installation of the devices during two years and ten months of continuous effort on January 22, 2006, and on the 9th In August 2007, after providing 18 megawatts of electricity and 150 cubic meters of water per day, the plant was put into operation on a trial basis, and finally, South Steel Complex was put into operation on August 28 of the same year, by the able hand of the honorable Minister of Industries and Mines, Mr. Engineer Mehrabian and a group of managers, representatives and ambassadors of Iran and India became the largest producer of steel ingots in the private sector.
And now this company is proud to use foreign financial facilities to buy machines and prevent foreign exchange and with the new technology of induction furnaces, for the first time in Iran, it has created a factory that produces 300,000 tons of steel ingots for consumption in Iran. The cycle of industry supplies this water and soil.