Following Iran’s revolution and the Iran-Iraq war, the initial 1975 agreement with an Italian consortium to build a steel plate factory in Bandar Abbas was completely revised. The project’s location was moved to Isfahan Province, with the cornerstone laid in 1981. The new contract placed the Iranian side in charge of execution, while the foreign partner provided supervision and equipment and transferred technical knowledge. The first phase, with an annual capacity of 2.4 million tonnes, was finally operational by 1992. Over the next three decades, the company and its subsidiaries expanded to a massive 10.3 million tonnes of total capacity, transforming the group into the largest steel company in the Middle East and North Africa with over 130 firms across 24 Iranian provinces.
Financial year ending March 20, 2025
• Crude steel production of Mobarakeh Steel (MSC): 7,300,769 tonnes
• Mobarakeh Steel Group (MSG): 10,033,430 tonnes
• Mobarakeh Steel Group (Iranian crude steel production Share): 32.9 percent
• Production of 26 new grades of steel
• Production of special products: 2,254,000 tonnes
• Export of products: 1,300,000 tonnes
• Product quality index: 94.4 percent
• Operational income: 343,635 billion Toman
• Net Profit of Mobarakeh Steel Company: 108,803 billion Toman
• Number of Permanent and Contractual Employees at Mobarakeh Steel Company: 29,096 employees
• Lost-time Accidents per Million Hours Worked (LTIFR): 0.86 Safety Index (FR)
• Number of Subsidiaries and Affiliates of Mobarakeh Steel Group: 134 companies
• Number of Steel Grades Produced: 620 steel grades