The Iranian government will issue government bonds worth Rials 5 trillion (about $500 million) by mid-June this year 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.
As SteelOrbis previously reported, the Iranian government sold an initial lot of bonds with the same value in February this year.
The eight mini-mills in question are located in the cities of Miyaneh, Bafgh, Baft, Sabzevar, Sepid Dasht, Shadegan, Nayriz and Ghaenat.