Pursuant to the decision of the Ministry of Industries and Mines for the establishment of an alloy steel production plant in Iran in 1984, a feasibility plan was prepared.
After being approved, engineering studies for launching a plant in the city of Yazd were started in 1989.Based on an international tender and preliminary evaluation, the DVAI/BOHLER consortium was introduced as the project consultant, training and technology transfer contractor.
Thus, a contract was concluded including the quality assurance of products and technology transfer for the production of various alloy steels. According to the basic engineering studies, the tender documents were offered for the selection of the main contractor of the project to procure the plant equipments. The Danieli-Mitsubishi consortium won the tender and was pointed as the main provider of machineries,thus in March 1993, a contract with the mentioned consortium was concluded.
• Start of engineering works and preparation of shop drawings began March 1993
• Laying foundations began October 1994
• Machinary installation began October 1996
• Start up oprations light-section rolling mill in March 1997
• Start up oprations steel production, heavy-section rolling, heat treatment and finishing in October 1998
Iran Alloy Steel Company, the largest producer of alloy steel products in Iran and in the Middle East and one of the most advanced of its kind in the world, was operated in 1999. Steel making plant (melting and casting), heavy section mill, light section mill, heat treatment, and finishing plants of the company are equipped with the state-of-the-art technology as well as the most advanced machinery with skilled personel which manufacture alloy steel products with highest quality according to international standards.
Products of the company are widely used in automative and machine building, oil, gas and petrochemical industries, tool making, power plant, rail, medical and surgical instruments and other special industries.