In the dynamic sphere of global industry, survival and progress belong to organizations that dare to envision a grand future and formulate a precise, steadfast plan to achieve it. At Mobarakeh Steel Group, we have defined the 2031 horizon not merely as a point in the future, but as a strategic destination—a destination where the name Mobarakeh Steel shines alongside the world’s top 20 steelmaking companies. This vision is intertwined with two major goals: achieving a production capacity of 18 million tons of crude steel and realizing an annual revenue of $15 billion. These figures are not just quantitative indicators; they represent our commitment to playing a pivotal role in the sustainable development of Iran’s economy and solidifying our nation’s position in the global value chain. Our path to this vision is built on several strategic pillars. First, the balanced and intelligent development of the value chain. We have realized that true strength lies in the integrated control of the process from ore to coating. Our massive investments in the Sangan mines for sustainable raw material supply and the completion of projects like Hot Rolling Mill No. 2 for higher value-added products are testaments to this. This approach not only mitigates risks from market fluctuations but also significantly increases the group’s resilience against national and international challenges. Second is innovation and technological leadership. In a world where technology defines the boundaries of competition, standing still means falling behind. Therefore, we have shifted investment in R&D and collaboration with scientific centers from a peripheral activity to the core of our strategy. The production of 26 special steel grades last year, each a key to solving a challenge in strategic industries, is a result of this outlook. Our Corporate Venture Capital (CVC) fund also supports innovative ideas and tech startups, acting as our arm for building a knowledge-based future. The third and perhaps most crucial pillar is Sustainable Development and Social Responsibility (ESG). We are well aware that a large economic enterprise is judged not only by its financial profitability but also by its commitment to the environment, society, and principles of good governance. Our environmental projects, including the 600 MW solar power plant and the water transfer projects from the Sea of Oman, address not only our operational needs but are also a giant leap towards solving macro-national challenges. Finally, all these plans are realized through a focus on customer-centricity and a powerful presence in global markets. Our strategy in the international arena is to move beyond exporting raw materials and focus on offering finished products with high added value. This approach not only enhances the Mobarakeh Steel brand among global competitors but also ensures sustainable and reliable foreign currency earnings for our country’s economy.
The 2031 Horizon:
Engineering a Sustainable Future for Iran’s Industry
Saeed Zarandi- CEO Mobarakeh Steel Group
How Mobarakeh Steel is on track to become one of the world’s top 20 steel giants with a vision of producing 18 million tons of steel and achieving a $15 billion revenue.
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