History of Foolad Mobarakeh Isfahan Steel Company
One of the largest industrial units of Iran, Foolad Mobarakeh Isfahan Steel Company. With an area of about 35 square kilometers, is located 65 kilometers southwest of Isfahan City. The government began the construction of unit in 1981, continuing the effort throughout Iran-Iraq war.
Building and technical efforts put in the unit has been exceptional in the Middle East, including 18,700,000 square meters of excavation, 1,845,000 square meters of concrete works, 1,800,000 square meters of molding, 80,000 metric tons of armature, 150,000 metric tons of metal structure, 1,000,000 meters of covering and more than 500,000 metric tons of metal equipments installed in the unit.
In 1991, the first electric arc furnace of Iran was installed in the unit. Ultimately, Ayatollah Rafsanjani, then president of Islamic Republic of Iran, opened the company on January 13, 1992. The output of the unit gradually increased to its nominal rate, 2.4 million metric tons of steel per year, which helped Iran become independent of steel imports.
Following the operation of the unit at its nominal rate and acquiring enough expertise and economic capability, company\'s management planned for further development to take full advantage of its current assets and meet increasing domestic and international demand. In doing so, the company took advantage of financial resources to carry out first development plan. The plan, complemented by SABA production () in 2007, increased production capacity of the company to 4.7 million metric tons of steel per year in 2007. Currently, a five year development plan (2008-2012) is underway which is expected to raise the output to 9 million metric tons of steel in early 2012.