Iran’s MME sets up gas-based sponge iron plant in China

Iran’s Mines and Metals Company (MME) has established China’s first gas-based sponge iron production unit using the Persian Direct Reduction (PERED) technology, the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) recently reported. The deal for the construction of the first gas-based sponge iron plant was concluded between China’s CSTM Company and MME as the licensed owner of PERED technology. With a capacity of 300,000 t, the plant has been set up in China’s Taiyuan city.