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IRAN: Construction contract award for planned $150,000,000 to $200,000,000 pelletizing plant is...

PROJECT OVERVIEW:

The local NATIONAL IRANIAN STEEL CO. (NISCO) is currently gearing-up to build a new pelletizing plant in the country. In so doing, NISCO recently ranked Japan-based KOBE STEEL's technical and financial bids as the best.

Construction plans under consideration call for building a complex with an installed production capacity of 4 million tons per year. Upon project completion, the new mill will be operated by NISCO's subsidiary, GOL-E GOHAR IRON ORE CO. which operates Iran's largest iron ore mine.

As things currently stand, con

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