Mobarakeh Steel Company and Bank Refah Kargaran have signed a comprehensive memorandum of understanding, taking a new step toward the convergence of industry an finance—a model proven successful in many leading global economies. This collaboration focuses on securing foreign currency and domestic funding for megaprojects such as Hot Rolling Mill No. 2, gas field development, and concentrate production projects, holding the potential to reshape the financing structure of Iran’s steel industry. Such partnerships, similar to Nippon Steel’s cooperation with Mitsubishi in Japan or ArcelorMittal’s alliances with the European banking network, play a crucial role in boosting competitiveness, reducing risk, and accelerating strategic projects. This model, by freeing industries from dependence on state budgets and connecting them to capital market resources, can create a healthy cycle of investment and repayment backed by export revenues.