05
Mar
13:57
Persian Gulf Saba Steel inaugurates HBI plant
Persian Gulf Saba Steel has inaugurated its 1.5 million tonnes/year hot-briquetted iron plant in Bandar Abbas, Iran, and shipped its first, 30,000-tonne cargo to Asia, Kallanish learns from the firm.
Saba Steel is 75% owned by Civil Pension Fund Investment Co. (CPFIC) and 25% by Civil Servants Pension Fund. It sources iron ore pellet feedstock from Gol Gohar whose mines are located some 300km to the north.
The HBI capacity of the new plant is set to rise to 4…
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Very good overview of the weekly steel market.
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