Friday 16 October 2026 - 15:23

Date: 22 September 2026 , 23:30

News ID: 13782

IRON and STEEL

Iron and Steel

The CEO of Khorasan Steel during the Minister of Cooperatives, Labour and Social Welfare’s Visit to Sangan region:

Developing the Steel Value Chain in Razavi Khorasan: A Path to Poverty Alleviation and Regional Development

me-metals: Iran’s Minister of Cooperatives, Labour and Social Welfare, accompanied by the CEO of Khorasan Steel Complex and a number of provincial and regional officials, visited industrial and infrastructure projects in the cities of Khaf and Rashtkhar and the Sangan mining region. During the visit, the effective role of Khorasan Steel Complex in regional development and job creation was emphasized.

According to me-metals, during the visit, the CEO of Khorasan Steel Complex presented a report on measures taken to bring the “Khorasan East Steel Mining & Industrial Co.” concentrate production project out of several years of stagnation, noting that the project has reached approximately 80 percent completion. He stated that the launch of the project would develop the steel value chain in the Razavi Khorasan province while paving the way for regional development and creating nearly 500 direct jobs.

Developing the Steel Value Chain with the Launch of “Khorasan East Steel Mining & Industrial Co.”

Mohammad Reza Sajadian, referring to the importance of Khorasan Steel’s presence in the Sangan mining region of Khaf, said: “This presence has been pursued with the aim of securing a stable supply of raw materials, developing the steel value chain in the province, and playing a role in regional development. Its benefits will accrue to both the local community and the company’s shareholders”.

He added: “The equipment required for the project has been purchased, and given its approximately 80 percent progress and Khorasan East Steel Mining & Industrial Co’s commitment to completing and commissioning the project, we hope that, with the necessary planning and support, operations at the project will begin in the coming months”.

Minister Emphasizes Benefits for Local Communities from Investment

During the visit, the Minister of Cooperatives, Labour and Social Welfare also expressed his appreciation to the organizations involved in implementing the region’s industrial and infrastructure projects and emphasized the need for people living in areas with economic potential to benefit from investment.

Ahmad Meydari said: “In areas where economic activities are carried out, particularly in the oil, gas, mining and natural resource exploitation sectors, it is a natural expectation of local communities that they should benefit from the advantages and impacts of these investments”.

He also expressed appreciation for the efforts undertaken in the province to advance industrial and infrastructure projects related to the Khorasan steel industry, describing cooperation among the government, members of parliament and industrial entities as effective in achieving the region’s development objectives and emphasizing the need to continue such cooperation.

The “Khorasan East Steel Mining & Industrial Co” concentrate production project in the Sangan region of Khaf, building on the mining potential of Razavi Khorasan and within the framework of developing the province’s steel value chain, is regarded as one of the region’s major industrial projects. The project’s operation, in addition to increasing mineral processing capacity, could contribute to regional development and enable greater benefits for the local community from Sangan’s industrial potential by creating job and strengthening economic activity.