Wikipedia

Iranian Ghadir Iron and Steel Company

The Iranian Ghadir Iron and Steel Company (IGISCO) (Persian: شرکت آهن و فولاد غدیر ایرانیان) is an Iranian corporation that produces sponge iron in Yazd province, Iran.[2][3][4][5][6]

Iranian Ghadir Iron and Steel Company (IGISCO)
Company typePrivately held company
TSE: GIRZ1
ISIN: IRO3GIRZ0001[1]
IndustrySteel and Iron industry
Founded2006
FounderIMIDRO
Headquarters
Ardakan
,
Iran
ProductsSponge iron and Cold-Briquetted Iron (CBI)
Websitewww.igisco.ir/en/

History

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Iranian Ghadir Iron and Steel Company was established in 2006 through a collaboration between IMIDRO, Ghadir Investment Company, Chadormalu Mining and Industrial Company, and Iran Alloy Steel Company. The company is located 25 kilometers from Ardakan, adjacent to Chadormalu's pelletizing unit and Arfa Iron and Steel Company, on an 86-hectare site. The company aims to produce 800,000 tons of sponge iron annually to meet the needs of smelting and casting units in Yazd province and other steel producers in Iran.[7]

Products

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Ghadir Iranian Iron and Steel Company has two main and three side products. Sponge iron is the company's primary product. The company uses the "MIDREX Process" technology to convert iron ore pellets into sponge iron. After producing sponge iron, its fines are converted into Cold-Briquetted Iron, the company's second main product. In addition to these two products, sponge iron fines, pellet fines, and sponge iron sludge constitute the company's three side products.[8][9][10][11]

Shareholders

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The major shareholders of Iranian Ghadir Iron and Steel Company include Chadormalu Mining and Industrial Company, Iranian Alloy Steel Company, GIMIDCO, and Shahroud Steel Company.[12] Additionally, a portion of the company's shares are publicly traded on the first market of Tehran Stock Exchange's Fara Bourse under the ticker symbol 'GIRZ1', allowing individual investors to participate in ownership.[13][14][15][16]

Investment in the Mining Sector

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In addition to producing iron and steel-related products, this company has invested in Iran's mining sector. The Darouneh Placeri Iron Ore Mine in Razavi Khorasan province, the Sourgah Manganese Mine in Kerman province, and the Torbat-e Heydarieh Copper Exploratory Area in Razavi Khorasan province are three mines in which the company is involved. Furthermore, the company conducts mineral exploration to identify iron ore, manganese, chromite, copper, and industrial soils in other Iranian provinces.[17]

Notes

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  1. ^ "Ghadir Iron". InvestFunds.ru (in Russian). Retrieved August 1, 2024.
  2. ^ "Iran Mineral Output Up 13%". Financial Tribune. May 12, 2017. Retrieved August 1, 2024.
  3. ^ "Iran's sponge iron production leap outstanding". Tehran Times. February 14, 2021. Retrieved August 1, 2024.
  4. ^ "Iran's major steelmakers produce 23mn tons of DRI in 9 months". Trend News Agency. January 12, 2021. Retrieved August 1, 2024.
  5. ^ "Iran to produce 30 million tons of sponge iron in 2018". Trend News Agency. May 20, 2018. Retrieved August 1, 2024.
  6. ^ "Iran's major steelmakers produce 23mn tons of DRI in 9 months". Mehr News Agency. January 12, 2021. Retrieved August 1, 2024.
  7. ^ "About us". igisco.ir. Retrieved August 1, 2024.
  8. ^ "Main Products". igisco.ir. Retrieved August 1, 2024.
  9. ^ "Side Products". igisco.ir. Retrieved August 1, 2024.
  10. ^ "ایران دومین تولیدکننده‌ی جهانی آهن اسفنجی". ISNA (in Persian). January 3, 2024. Retrieved August 1, 2024.
  11. ^ "بالندگی «آهن و فولاد غدیر ایرانیان» در بدو ورود به قرن جدید". Donya-e-Eqtesad (in Persian). February 21, 2021. Retrieved August 1, 2024.
  12. ^ "shareholders". igisco.ir. Retrieved August 1, 2024.
  13. ^ "Ghadir Iron". InvestFunds.ru (in Russian). Retrieved August 1, 2024.
  14. ^ "گزارش تحلیل شرکت آهن و فولاد غدیر ایرانیان "فغدیر"". boursenews.ir (in Persian). May 9, 2024. Retrieved August 1, 2024.
  15. ^ "آهن و فولاد غدیر ایرانیان درج نماد شد". bourse24.ir (in Persian). August 8, 2021. Retrieved August 1, 2024.
  16. ^ "افزایش ۷ برابری سود خالص شرکت آهن و فولاد غدیر ایرانیان". ahan-news.com (in Persian). December 4, 2023. Retrieved August 1, 2024.
  17. ^ "Mining Activities". igisco.ir. Retrieved August 1, 2024.
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