Kavian Steel project to start next year

Kavian Steel project to start next year

Iranian sources report that the construction of Kavian Steel project will start in the first half of the next Iranian year starting on March 21, 2006. The project covers construction of a smelting and casting unit with a total slab production capacity of 700,000 tons. Moreover, an electric arc furnace and an LF3 furnace will be constructed. France's Banque Société Générale will reportedly provide Euro 175 million-loan for the project.