Iran has sold government bonds worth Rials 5 trillion (about $500 million) during the last few days in order to raise finance for the construction of eight mini-mills, each to have a designed capacity of 800,000 mt of crude steel. Construction of the projects in question, situated in undeveloped regions of the country, have to date been frustrated due to the shortage of financial resources.
The eight mini-mills in question are located in the cities of Miyaneh, Bafgh, Baft, Sabzevar, Sepid Dasht, Shadegan, Nayriz and Ghaenat.