Chinese firms to invest in Iran's steel industry


(MENAFN) A team of Chinese investors have voiced their willingness to invest in Iran's steel industry, a senior trade official said Wednesday.

Senior trade official said that a number of Chinese investors are planning to invest in Iran's steel industry, Iran Daily reported.

The Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said that, "We will negotiate with the Chinese next week about Miyaneh steel project (one of the seven steel projects to go under negotiation for foreign investment) to pave the way for the start of its operation next year".

He confirmed that the seven steel projects of Sepid-Dasht, Neyriz, Qaenat, Sabzevar, Shadgan, Miyaneh and Baft are also ready for foreign investments.


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