Mobarakeh Steel will be the technology owner and provider of technical knowledge in the future

me-metals: The CEO of Mobarakeh Steel Group considered the development of local technical knowledge and technology to be one of the strategic priorities of this group and said: "Our goal is to be not only a consumer of technology in the future, but also a technology owner and provider of technical knowledge and sub-license in the steel industry."

According to me-metals, the first meeting of the series of strategic meetings "Drawing the Future of Steel", entitled the role of economic diplomacy in shaping the development paths of the steel industry and with the aim of converging economic diplomacy and the steel industry as a national development strategy and strengthening export routes, was held today (January 10), in the presence of Hamid Ghanbari, Deputy Director of Economic Diplomacy at the Ministry of Foreign Affairs, Saeed Zarandi, CEO of Mobarakeh Steel, and several members of the board of directors, deputy directors, and CEOs of the subsidiaries of Mobarakeh Steel Group, in the conference hall of the Industry 4 Business Development Center.

At the beginning of his speech, Saeed Zarandi congratulated the attendees on the happy birth anniversary of Imam Jawad (peace be upon him), and expressed his hope that God's grace, mercy, and blessings would be upon the people of Iran, especially the audience.

He also welcomed Dr. Hamid Ghanbari, Deputy Minister of Economic Diplomacy at the Ministry of Foreign Affairs, and mentioned his professional background and capabilities, saying: "Dr. Ghanbari is one of the country's dominant and intelligent elites, and the experience of working with him in the past years was very effective, and undoubtedly, his presence at the Ministry of Foreign Affairs can help shape new perspectives in the country's economic diplomacy."

Referring to the status of this complex as the largest industrial enterprise in the country in terms of geographical scope and scope of activity, the CEO of Mobarakeh Steel Group noted: "Today, Mobarakeh Steel has an active presence in about 15 provinces of the country and has been a source of goodness and blessing for the national economy over the past years, but the reality is that the future cannot be considered a linear continuation of the past. Profound changes in the surrounding environment, from technology and global standards to diplomatic and commercial relations, force us to move beyond the "continuation of the status quo" and design a new path by changing our thinking and outlook."

Referring to the definition of the heading "Future Steel" in the Mobarakeh Steel Group, Zarandi said: "Within this framework, we are answering the fundamental question of what dimensions the steel industry will have in the next 10 years and how its role should be defined in the future. Accordingly, a serious review of the strategic directions and goals of this large industrial group has begun."

He stated that Mobarakeh Steel Group's new goal is to be among the top 20 steel companies in the world in terms of revenue, and stated: "Although we are ranked between 42 and 44 in the global ranking of crude steel tonnage, having a complete production chain - from mining and concentrate to final sheet - is a unique advantage that many large steel companies in the world do not have. For this reason, our focus has changed from ranking solely on tonnage to ranking on revenue and value creation."

Referring to the key indicators of this vision, the CEO of Mobarakeh Steel Group emphasized: Achieving revenue of about $15 billion, stabilizing the 40% share of exports, developing process intelligence, and investing about 20% in non-steel areas are among the goals that Mobarakeh Steel Group has defined for its future. Our studies show that successful global companies are multidisciplinary and influential companies in diverse fields.

Explaining the six strategies of the Mobarakeh Steel Group, Zarandi acknowledged: "Moving towards the coasts and developing activities on coastal routes is one of our important directions, which includes numerous projects in provinces such as Hormozgan and strategic areas such as Chabahar. Our vision goes beyond scattered projects and we are seeking to form a large and integrated industrial complex on the southern coast of the country and Chabahar."

He named the three main drivers of the Mobarakeh Steel Group in the next 10-year horizon as "circular economy and green steel", "development of steels and metals with high added value", and "digital transformation", adding: "Globally, relative saturation has formed in general steels and new investments are mainly directed towards quality steels and high added value products, and the Mobarakeh Steel Group must also consolidate its position in this new cycle."