Saba Steel Persian Gulf Company operates in the steel industry, with a planned ultimate annual production capacity of 4.5 million tonnes of direct reduced iron (DRI) and 4.5 million tonnes of steel billets and slabs. The company’s operations are concentrated in the Persian Gulf Special Economic Zone for Mineral and Metal Industries, located 20 kilometers west of Bandar Abbas, in Hormozgan Province, Iran.
HBI
Main Product
235853
Registration Number
Year of Establishment
Company Registration
Saba Steel Persian Gulf Company, originally established under the name Persian Gulf Steel (Isar Pars Steel Company), was officially registered on December 4, 2004, under Registration No. 235853 with the Tehran Companies and Industrial Property Registration Office.
The company's initial objective was to establish a steel production plant within the Persian Gulf Special Economic Zone for Mineral and Metal Industries, located in Hormozgan Province, Iran.
Transfer of Management
On November 15, 2008, the management of the company, previously overseen by Indian executives appointed by AIHL, was transferred to the Civil Servants Pension Fund Investment Company.
Renaming to Saba Steel
Pursuant to a resolution passed at the Extraordinary General Meeting held on July 22, 2009, the company's name was changed to Saba Steel Persian Gulf Company.
Approval of the Strategic Plan
Under the strategic plan approved by the Board of Directors in 2009, the company planned to implement its first phase in two stages, with an annual production capacity of 1.5 million tonnes of direct reduced iron (DRI) and 1.5 million tonnes of steel, including billet production.
Commencement of Phase One Implementation
In September 2009, an Engineering, Procurement, and Construction (EPC) contract was signed with IRITEC for the development of a direct reduction plant with an annual production capacity of 1.5 million tonnes, designed to produce Hot Briquetted Iron (HBI) and enable the direct charging of Hot Direct Reduced Iron (Hot DRI) into the melting furnace.
Simultaneously, the development of essential infrastructure, including water supply, natural gas supply, and high-voltage electricity systems, commenced.
Procurement of Various Mineral Raw Materials
All Activities Related to Mining and Mineral Resources
Export and Import of Various Raw Materials and Semi-Finished Products
Import and Export of Various Mineral Ores, Iron Ore Pellets, Steel Billets, Galvanized Steel, and Metal Products
Mining Lease Agreements
Execution of All Projects Related to Metallic and Non-Metallic Products
Finished Metallic and Non-Metallic Products, Coated and Uncoated
Processing of Iron Ore, Zinc, and Other Minerals.
Persian Gulf Special Economic Zone for Mineral and Metal Industries (PGSEZ), Shahid Rajaee Port Road, Bandar Abbas, Iran.
www.sabasteel.co