Mobarakeh Steel Company
An Iranian integrated steel producer based near Mobarakeh in Isfahan Province.
Last updated August 26, 2026
Overview
Mobarakeh Steel Company, commonly abbreviated as MSC and also known in Persian as Foolad Mobarakeh, is a major Iranian integrated steel producer located approximately 65 kilometres southwest of Isfahan, near the city of Mobarakeh. The company is described in reference material as the largest steelmaker in the Middle East and North Africa region and one of Iran’s largest industrial complexes. Its operations connect raw-material preparation, iron reduction, steelmaking, continuous casting, rolling, finishing, coating, and distribution within a large industrial system. The project’s planning began in 1975. The original development site was Bandar Abbas, but the project was transferred to Isfahan several years later. Political turmoil and the Iranian Revolution interrupted progress, and substantive activity did not resume until the early 1980s. The complex was ultimately commissioned after the revolution and began operating in 1993. A major modernization program took place around 2000, followed by further expansion and revamping plans intended to raise annual steel output substantially. MSC’s production chain begins with iron ore sourced from mines in Kerman and Yazd provinces, including Golgohar and Chadermaloo. Ore is processed into pellets, which are then converted into sponge iron through direct-reduction technology. Sponge iron and steel scrap are melted in electric arc furnaces. Secondary metallurgical units refine the liquid steel and adjust its chemistry to customer requirements before continuous casting produces slabs. These slabs are subsequently processed through hot-rolling, cold-rolling, pickling, galvanizing, tinning, and pre-painting operations. The company supplies flat-steel products rather than a broad range of long steel. Its portfolio includes slabs, hot-rolled coils and sheets, cold-rolled coils and sheets, pickled products, narrow-strip coils, tinplate, galvanized coils, and pre-painted coils. These materials serve automotive manufacturing, domestic appliances, pipe and tube production, pressure vessels, food and medical packaging, construction, transportation, shipbuilding, chemical applications, and heavy industrial equipment. MSC has historically supplied the Iranian market through exchange-based and direct industrial sales channels. It has also maintained an export function serving customers in neighboring and regional markets as well as destinations in Europe, Canada, Latin America, Southeast Asia, the Middle East, and Africa. Exported products have included hot-rolled and cold-rolled materials, pickled products, galvanized steel, and color-coated products. Beyond its core steelworks, the company has been associated with a broader industrial portfolio that includes other steel producers, power-generation and electrical facilities, mines, and a gas field. It also owns Sepahan Football Club. The company’s scale, integrated production model, and role in supplying downstream Iranian industries make it a significant participant in Iran’s industrial and metals sectors. Publicly available reference material does not establish a single private founder, a definitive current parent company, or a current corporate website, so those fields remain unspecified here.
History
Planning for the Mobarakeh steel project began in 1975 as part of Iran’s effort to build large-scale domestic steelmaking capacity. The original project location was Bandar Abbas, but the development was later moved to the Isfahan area. Political instability surrounding the Iranian Revolution prevented the project from progressing normally, and the available reference material indicates that no substantial activity occurred until 1980. The project was commissioned after the revolution and entered operation in 1993. Its location near Mobarakeh, southwest of Isfahan, provided a base for an integrated industrial complex that could combine imported or domestic raw materials with iron reduction, electric-arc steelmaking, casting, rolling, and downstream finishing. Rather than operating only as a basic steel mill, MSC developed a vertically connected process in which iron ore is pelletized, reduced to sponge iron, melted with scrap, refined, continuously cast into slabs, and converted into flat products. The ironmaking section uses ore associated with the Golgohar and Chadermaloo mining regions. Larger ore particles are processed in ball mills, blended with finer material and bentonite, and formed into pellets. Limestone from the Hozmahi mine is processed in a lime-production operation for use in several parts of the plant. In the direct-reduction section, pellets are treated in Midrex shaft furnaces using reducing gases derived from natural gas. The resulting sponge iron is screened; smaller particles can be converted into briquettes before entering the steelmaking operation. Steelmaking uses electric arc furnaces to melt sponge iron, scrap, and other additives. Ladle furnaces and degassing equipment are used to refine the steel, adjust its chemistry, and control temperature. Continuous casting machines produce slabs that are cooled and conditioned before entering the rolling complex. Hot rolling creates coils and sheet products, while cold rolling reduces thickness for more demanding applications. Additional lines produce pickled, galvanized, tin-coated, and pre-painted materials. MSC undertook a major revamping around 2000. Reference material records earlier capacity expansion in the late 1990s and further increases by 2002, alongside proposals for additional cold-rolling, tinplate, and ironmaking facilities. Later modernization plans for 2009–2010 were intended to increase total steel output and improve the capability of the steelmaking and casting units. The company’s commercial development has combined domestic distribution with exports. Since the establishment of an Iranian metal-exchange sales mechanism in 2003, some products have been sold through brokers under exchange pricing procedures. Other materials have been sold directly to industrial consumers meeting specified purchasing and consumption conditions. MSC’s export department has focused especially on hot-rolled coils and sheets, while also marketing cold-rolled, pickled, galvanized, and pre-painted products in overseas markets. The company has expanded beyond its central steelworks through ownership or association with other steel producers, mines, power plants, substations, and energy assets. It also owns Sepahan Football Club, linking the industrial group with a prominent sporting institution in Isfahan. The available sources do not provide a complete current management roster, a definitive corporate ownership hierarchy, or a current official website. Those details therefore remain unresolved in this dossier.
- 2009Additional revamping scheduled
Further modernization for 2009–2010 was planned to raise production capacity and expand or upgrade steelmaking and casting equipment.
- 2003Exchange-based sales channel develops
MSC began supplying products through Iran’s metal-exchange mechanism using brokers and exchange-based pricing procedures.
- 2002Further hot-rolling expansion
Hot-rolled coil capacity was reported as increasing to approximately 4.2 million metric tons per year, alongside proposals for cold-rolling and tinplate facilities.
- 2000Major plant revamping
MSC carried out a major modernization program affecting the complex and its production capabilities.
- 1999Hot-rolling capacity expansion
Reference material records an increase in hot-rolled coil capacity from approximately 2.5 million to 3.1 million metric tons per year and proposals for further direct-reduced-iron capacity.
- 1993Mobarakeh complex begins operations
The integrated steel complex near Mobarakeh in Isfahan Province commenced operations.
- 1980Project activity resumes after political disruption
Following the Iranian Revolution and a period of inactivity, work on the project began to move forward again.
- 1975Steel project planning begins
Planning for the steel manufacturing project that became Mobarakeh Steel Company began. The original site was intended to be Bandar Abbas.
Products and positioning
Large-scale integrated flat-steel producer serving Iranian industry and selected international markets, with production extending from iron-ore preparation and direct reduction through casting, rolling, and coated products.
Hot-rolled coils and sheetsFlat steel
Hot-rolled products are produced by rolling continuously cast slabs at elevated temperature. MSC’s hot-rolled material forms a central part of its product range and is supplied to sectors including construction, automotive manufacturing, pipe and tube production, transportation, heavy equipment, and pressure-vessel fabrication. Reference material describes hot-rolled strip thicknesses ranging from approximately 1.5 to 16 millimetres.
Cold-rolled coils and sheetsFlat steel
Cold-rolled products are made by further reducing hot-rolled strip to achieve thinner gauges and improved surface and dimensional characteristics. MSC’s cold-rolled materials are used in applications such as automotive bodies, appliances, packaging, and other fabricated products. The reference material identifies thicknesses down to approximately 0.18 millimetres.
Pickled coilsProcessed flat steel
Pickled coils are processed flat-steel products prepared through surface treatment after hot rolling. They are sold for industrial applications and can also serve as feedstock for additional downstream processing, including cold rolling and other finishing operations.
Galvanized coilsCoated steel
Galvanized coils receive a zinc coating intended to improve resistance to corrosion. MSC markets galvanized products for applications requiring durable coated sheet, including construction, automotive, appliance, and industrial fabrication uses.
Pre-painted coilsCoated steel
Pre-painted or color-coated coils are finished flat-steel products supplied with a factory-applied coating. They are suited to building products, appliances, transport-related applications, and other uses where appearance and additional surface protection are required.
Tinplate sheets and coils
Tinplate is a thin steel product with a tin coating. MSC’s tinplate line serves packaging-oriented applications, including food and medical packaging, where formability and surface protection are important.
Steel slabsSemifinished steel
Slabs are the semifinished products created by continuous casting after secondary refining. At MSC they are cooled, conditioned, and transferred to the rolling operations, where they become hot-rolled and subsequently finished flat-steel products.
Flagship businesses
- Hot-rolled coil
- Cold-rolled coil
- Galvanized coil
- Pre-painted coil
- Steel slab
Brand decisions
- 2009Schedule a second modernization phaseGeneration change
Further growth required additional steelmaking, casting, and related plant capability after earlier modernization and capacity expansion.
What changed. MSC scheduled further revamping during 2009–2010, including planned increases in production capacity and upgrades to furnaces, ladle treatment, degassing, and casting capability.
Aftermath. Reference material states that the planned work was intended to bring total steel output to approximately 7.2 million metric tons per year.
- 2002Broaden downstream flat-steel capabilityStrategy
MSC sought to increase finished flat-steel output and serve more specialized industrial and packaging applications.
What changed. The company increased hot-rolled capacity and proposed new cold-rolling and tinplate facilities.
Aftermath. The planned facilities would have expanded MSC’s ability to supply thinner and coated products to downstream industries.
- 2000Modernize the production complexGeneration change
MSC required upgraded production equipment and greater capacity after entering operation during the 1990s.
What changed. The company undertook a major revamping of the steel complex.
Aftermath. The modernization supported subsequent increases in slab and hot-rolling capacity and further plans for steelmaking upgrades.
- 1999Expand hot-rolling and ironmaking capacityStrategy
Growing demand for domestic flat steel and the development of MSC’s integrated production system created a need for additional rolling and direct-reduction capacity.
What changed. The company expanded hot-rolled coil capacity and proposed an additional direct-reduced-iron plant.
Aftermath. The expansion formed part of a broader sequence of capacity increases and modernization projects recorded for the late 1990s and early 2000s.
Sources
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