On October 30, Khorasan Steel Company sold five percent of its stock on the Tehran Stock Exchange, thus becoming the third Iranian state-owned steel plant to sell off stock as part of the privatization process backed by the Iranian authorities. In recent months, both Mobarakeh Steel Co. and Khuzestan Steel Co. sold some of their stock on the Tehran Stock Exchange.
Located in Neyshabur in northeastern Iran, Khorasan Steel Company has a nominal capacity of 550,000 metric tons for rolling long products, mainly debar, from scrap. Its development plan targets the production of 1.8 million metric tons per year.