VOL. XXXVI

NO. 11

14-DECEMBER-1992

IRAN

Work on Qeshm Iron Complex Begins

Work on the construction of a 1mn ton/year hot-briquetted iron (HBI or spongeiron) complex located on Iran's Qeshm island began on 1 November following aninauguration ceremony attended by officials from Kobe Steel of Japan, Iran'spartner in the project. The first phase of the Kobe-Qeshm Iron Company is beingcapitalized at $279mn. The Qeshm Iron Company will hold a 50% share in the jointventure, Kobe Steel will hold 40%, and...