Mobarakeh Steel Aims to Launch Five New Products by Year-End

Mohammad Yaser Tayebnia, CEO of Mobarakeh Steel Company, outlined the company’s strategies and plans to address various industrial challenges and promote sustainable development during a press conference at the 21st Iran METAFO Exhibition.

Addressing Energy Imbalances
Tayebnia began by discussing the country’s energy imbalances and stated that three years ago, Mobarakeh Steel adopted a balanced development strategy to address these issues.

“In the fields of water and electricity, several projects have been defined. The third phase of the thermal power plant will be operational by mid-next year. Additionally, the solar power plant established last year can add 20 to 30 megawatts of electricity monthly once equipment is freed up,” he said.

He also highlighted ongoing energy projects, mentioning plans to build a 200-megawatt wind power facility in the Khaf region. “Tender documents for this project are being prepared, and we hope this capacity will enhance Mobarakeh Steel Group’s electricity development program,” he noted.

Challenges with Gas and Raw Materials
Tayebnia addressed challenges in securing gas and raw materials. “In the gas sector, two fields were introduced, one of which has been approved. Unfortunately, due to government transitions, studies for this project have been delayed, but we hope the Ministry of Petroleum will help resolve these imbalances.”

Regarding water, Tayebnia mentioned wastewater and water transfer projects in progress, expressing optimism about soon utilizing seawater in Mobarakeh Steel’s operations.

Ensuring Sustainable Production
Tayebnia emphasized the importance of securing raw materials for stable steel production. “Before energy issues, the main challenge for the steel industry was in raw materials. Mobarakeh Steel seeks to ensure sustainable raw material supplies.”

He highlighted the company’s investments in mining and energy, which have allowed it to achieve full production capacity utilization. One such mining project, Opal, is expected to secure Mobarakeh Steel’s long-term production stability.

Expanding Product Portfolio
The CEO announced Mobarakeh Steel’s achievements in producing new products, stating, “So far, we have introduced 37 different products to the market. By the end of this year, we plan to add five more products to our portfolio. By 2027, with the implementation of current projects, we aim to offer a comprehensive range of flat steel products for various industries.”

Stock Market and Mining Cooperation
Commenting on the stock market, Tayebnia remarked, “Mobarakeh Steel shares are undoubtedly among the most valuable stocks. However, the stock market is influenced by political and international developments, not specific to Mobarakeh Steel or any particular company.”

He also discussed efforts to collaborate with domestic and international mines. “Our focus has primarily been on domestic mines, and we have explored and studied about 50 mines. However, we are not overlooking the potential of mines in neighboring countries.”

Water Transfer Project
Responding to a question about the water transfer project, Tayebnia explained, “The project spans 1,000 kilometers. In the first phase, 730 kilometers of pipelines will be laid, 95% of which is already complete. With adequate funding, this phase will be operational within two months. The second phase, involving the construction of a desalination plant, will commence after the first phase is completed.”

Downstream Industry Investments
Tayebnia concluded by highlighting Mobarakeh Steel’s strategy to invest in downstream industries, particularly in less competitive sectors, stating, “We are entering industries with minimal competition and plan to expand our activities in these areas.”

(By Maziyar Jafarieh)