Effective presence of FST in iron ore-steel value chain

The development plan of Iran’s mining sector has come alive since early last decade as a result of significant increase in the consumption and price of minerals in the global market, followed by a boost in Iran’s economy.
The market previously dominated by other industries suddenly faced the emergence of rich mining companies such as Gol-e-Gohar Iron Ore and Chadormalu Mining & Industrial Co., turning into the indicators of the mining sector.
Some of the development plans were undertaken by these two companies, along with other old and new companies operating in this field, leading to the growth of private companies in the engineering and contracting areas and even birth of new metal producers in the country.
Some of these companies managed to play a significant role in the development and capacity building. Fakoor Sanat Tehran Company (FST) CEO Mohammad Vahid Sheikhzadeh outlined the company’s position, as well as its role in adding to the capacity of iron ore production in Iran. Meanwhile, he underlined the demands of the mining sector outlined in Iran’s outlook 2025.
Since last decade, Iran’s mines and mining industries sector has tended to attract investment in infrastructures and create new production capacity.
Realization of 55 million tonnes crude steel capacity seeks a great deal of attempts by all involved in mine chain.
Accordingly, FST holds a role in the development of mineral processing and is looking forward to collaborate in setting up steel plants to meet the expansion plans.
“FST has started operation since 1993 through the design and manufacturing of the magnetic equipment and systems. The aim of the company was to design, produce and supply various products to steel, minerals and processing industry market, providing the company with export opportunities,” Sheikhzadeh noted.

The second decade of the company’s actions was dedicated to the implementation of strategic plan aiming to participate in the contracting arena. Meanwhile, the company’s operations turned from equipment and design into implementation of contracting activities.
“Design and implementation of material handling systems, as well as crushing, screening, and mineral enrichment were the operations undertaken by the company,” he said.
In the first half of the last decade the plan of increasing steel production capacity in the country was updated providing an opportunity for companies operating in the field of mining. Meanwhile, some of the opportunities were seized by some of the foreign partners such as Italy, Germany and others and the rest was acquired by local companies.
“The opportunities created in those years paved FST’s way towards other activities related to iron and steel value chain, including production of concentrate, pellet, steel and rolling,” FST CEO stressed, adding that the company has been focused on research as the major prerequisite for any development.
He said that since 2006, the company’s top priorities are to address the necessary infrastructure for the localization of iron ore processing technical knowledge.
As a result, mineral processing and metallurgy research center of FST was established and launched in Tehran.
He believes that the center, since its establishment, has been one of the largest, best equipped and most modern research hubs in the field of iron ore, copper and steel in the Middle East.
The CEO of FST maintains that focusing on the installation of iron ore concentrate production plant is a turning point in the company’s measures taken in the last decade. Meanwhile, allocating funds to the implementation of the EPC has turned them to EPCF. Likewise, BOT and BOO are other contract models successfully conducted by the company.
“The trust of local contractors was an additional factor offering the opportunity of cooperation with leading iron ore processing plants such as Gol-e-Gohar Iron Ore, Sangan Iron Ore Complex (SIOC), and Iran Central Iron Ore. Thus, FST started to implement iron ore processing plants,” he cited.
According to CEO of FST, once the company’s projects are implemented, the production capacity of concentrate in the country will reach 30 million tpy by the end of March 2018.
FST is anticipated to contribute the country in reaching 55 million tpy steel production capacity over the next 9 years, as planned in Iran Outlook 2025. The company also planned many infrastructure projects such as roads, railways, water supply, electricity and power plants, gas transmission and others,” Sheikhzadeh underlined.
The production capacity of Iron ore concentrate in Iran was reported 16 million tpy before 2011, however, the company is targeting 47 million tpy, about three times higher.
“Most of the implemented projects are in the field of processing and
concentrate production, including construction, reform and an increase in capacity of 16 iron concentrate production lines in Iran. Of these, 11 lines have reached production capacity of 18 million tpy, while 6 lines, with total capacity of 11.2 million tpy are underway,” he concluded.