Bahram Sobhani, managing director of Iranian steel producer Mobarakeh Steel Company, has said that the company has signed three development projects with Italian companies, worth a total of €900 million, as reported by the Islamic Republic News Agency (IRNA), the official news agency of Iran.
In his statement, Mr. Sobhani said that domestic contractors will also be involved in the projects, though monetary resources will be provided by the Italian companies.
Mr. Sobhani also stated that in the past ten months about 66 percent of Mobarakeh Steel’s production was delivered to Europe, while 27 percent was delivered to the Middle East