Bonab Steel Complex

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Bonab Steel Complex (مجتمع فولاد صنعت بناب, مجتمع فولاد ظفر بناب), also known as Banab Sanat Steel Company, Shahin Bonab, Shahin Bonab Steel Complex, is a steel plant in Bonab, East Azerbaijan, Iran that operates electric arc furnace (EAF), direct reduced iron (DRI), and induction furnace (IF) technology.

Location

The map below shows the exact location of the plant in Bonab, East Azerbaijan, Iran:

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  • Location: Bonab Industrial Zone, Bonab, East Azerbaijan, Iran
  • Coordinates (WGS 84): 37.417437, 46.035778 (exact)

Background

The Bonab Steel Complex is planned to be one of the largest steel plants in East Azerbaijan province. As of December 2025, it operates seven steelmaking furnaces split between two facilities. The first, Foolad Sanat Shahryar, includes five induction furnaces (IF), each with 100,000 tons per year in steel capacity.[1] The other, Foolad Shahin Bonab, contains one IF with 180,000 tons per year in capacity, and an Electric Arc Furnace (EAF) with 320,000 tons per year in capacity.[2] A new phase under construction is set to include 1.5 million tons per year each in Direct Reduced Iron (DRI) and EAF capacity.[3] In May 2025, a new rail link to the plant opened.[4]

Ownership Tree

This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.

Plant Details

Table 1: General Plant Details

Start date Power source Iron ore source
2005[5][6] Power plant, new 150 MW plant coming online in 1404[7][8] unknown

Table 2: Ownership and Parent Company Information

Parent company Parent company PermID Parent GEM entity ID Owner Owner company PermID Owner GEM entity ID
Tourism Financial Group unknown E100001016229 Bonab Steel Complex [100%][9] unknown E100000131182 [100%]

Table 3: Process and Products

Steel product category Steel products Steel sector end users ISO 14001 ISO 50001 Responsible steel Main production equipment
finished rolled[5] ingot, rebar, bar, angle, beam[6] unknown Expired[10] unknown unknown DRI; IF; EAF

Table 4: Plant-level Crude Steel Production Capacities (thousand tonnes per annum)

1Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.
Capacity operating status1 Electric arc furnace steelmaking capacity Induction furnace steelmaking capacity Nominal crude steel capacity (total)
construction 1500[11][5] – 1500[11][5]
operating 320[11][12][13] 680[11][12][13] 1000[11][12][13]

Table 5: Plant-level Crude Iron Production Capacities (thousand tonnes per annum)

1Please see our Frequently Asked Questions page for an explanation of the different capacity operating statuses.
Capacity operating status1 Sponge iron/DRI capacity Nominal iron capacity (total)
construction 1500[11][5] 1500[11][5]

Table 6: Actual Plant-level Crude Steel Production by Year (thousand tonnes per annum)

Year EAF production Other/unknown steel production
2019 unknown unknown
2020 unknown unknown
2021 unknown unknown
2022 unknown unknown
2023 unknown unknown
2024 unknown unknown

Unit Details

Table 7: Direct Reduced Iron Furnace Details

Unit name Status Furnace manufacturer and model Furnace type Current capacity (ttpa)
unknown DRI (1) construction[11] Midrex[11][11] shaft furnace[11] 1500[11][5]

Table 8: Direct Reduced Iron Furnace Reductant Details

Unit name Current or initial reductant
unknown DRI (1) gas

Table 9: Electric Arc Furnace Details

Unit name Status Announced date Start date Current capacity (ttpa) Current size (tonnes)
unknown EAF (1) operating[11] – 2013[14] 320[11][12][13] 50.0[14]
unknown EAF (2) construction[11] 2022[15] –[15] 1500[11][5] –

Table 10: Electric Arc Furnace Feedstock Details

Unit name Scrap-based % scrap % DRI % HBI % sponge iron (unknown if DRI or HBI) % basic/merchant pig iron % granulated pig iron % pig iron (unknown if basic/merchant or granulated) % other iron
unknown EAF (1) yes[14] >0 unknown unknown unknown unknown unknown unknown unknown
unknown EAF (2) yes[14] >0 unknown unknown unknown unknown unknown unknown unknown

Table 11: Induction Furnace Details

Unit name Status Current capacity (ttpa) Current size
unknown IF (1) operating[11][13] 100[11][13] 20.0 tonnes[13]
unknown IF (2) operating[13] 100[13] 20.0 tonnes[13]
unknown IF (3) operating[13] 100[13] 20.0 tonnes[13]
unknown IF (4) operating[13] 100[13] 20.0 tonnes[13]
unknown IF (5) operating[13] 100[13] 20.0 tonnes[13]
unknown IF (6) operating[12] 180[12] –

Table 12: Induction Furnace Feedstock Details

Unit name Scrap-based % scrap % DRI % HBI % sponge iron (unknown if DRI or HBI) % basic/merchant pig iron % granulated pig iron % pig iron (unknown if basic/merchant or granulated) % other iron
unknown IF (1) yes[13] >0[13] unknown unknown >0 unknown unknown unknown unknown
unknown IF (2) yes[13] >0[13] – – >0 – – – –
unknown IF (3) yes[13] >0[13] – – >0 – – – –
unknown IF (4) yes[13] >0[13] – – >0 – – – –
unknown IF (5) yes[13] >0[13] – – >0 – – – –
unknown IF (6) unknown – – – – – – – –

Articles and Resources

Additional data

To access additional data, including an interactive map of steel plants, a downloadable dataset, and summary data, please visit the Global Iron and Steel Tracker on the Global Energy Monitor website.

References

  1. ↑ "مجتمع فولاد صنعت بناب - شرکت‌های زیرمجموعه". mfbco.ir. Retrieved 2025-12-03.
  2. ↑ "https://www.irna.ir/news/84067721/%D9%85%D8%AC%D8%AA%D9%85%D8%B9-%D9%81%D9%88%D9%84%D8%A7%D8%AF-%D8%A8%D9%86%D8%A7%D8%A8-%D8%AA%D9%88%D8%A7%D9%86-%D8%A7%D8%B4%D8%AA%D8%BA%D8%A7%D9%84%D8%B2%D8%A7%DB%8C%DB%8C-%DB%B1%DB%B0-%D9%87%D8%B2%D8%A7%D8%B1-%D9%86%D9%81%D8%B1-%D8%B1%D8%A7-%D8%AF%D8%A7%D8%B1%D8%AF". www.irna.ir. Retrieved 2025-12-03. {{cite web}}: External link in |title= (help)
  3. ↑ "DARIC INVESTMENT GROUP". daricgroup.com. Retrieved 2025-12-03.
  4. ↑ "https://mahansirjan.com/%D8%A7%DB%8C%D8%B3%D8%AA%DA%AF%D8%A7%D9%87-%D8%B1%D8%A7%D9%87-%D8%A2%D9%87%D9%86-%D8%B4%D8%B1%DA%A9%D8%AA-%DA%AF%D8%B3%D8%AA%D8%B1%D8%B4-%D9%81%D9%88%D9%84%D8%A7%D8%AF-%D8%B4%D9%87%D8%B1%DB%8C%D8%A7/". mahansirjan.com. Retrieved 2025-12-03. {{cite web}}: External link in |title= (help)
  5. ↑ 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 (PDF) https://www.daricgroup.com/Cataloge/Daric%20Catalog-en_DEC15.pdf. {{cite web}}: Missing or empty |title= (help)
  6. ↑ 6.0 6.1 https://web.archive.org/web/20220126144231/https://mfbco.ir/wp/about. Archived from the original on 2022-01-26. {{cite web}}: Missing or empty |title= (help)
  7. ↑ https://mfbco.ir/wp/mfb-at-a-glance. {{cite web}}: Missing or empty |title= (help)
  8. ↑ https://www.shahrekhabar.com/adv/174642415162810. {{cite web}}: Missing or empty |title= (help)
  9. ↑ https://web.archive.org/web/20240125063427/https://www.ifmat.org/01/14/bonab-steel-industry-complex/. Archived from the original on 2024-01-25. {{cite web}}: Missing or empty |title= (help)
  10. ↑ https://web.archive.org/web/20230531165306/https://www.mfbco.ir/Wp/certificates. Archived from the original on 2023-05-31. {{cite web}}: Missing or empty |title= (help)
  11. ↑ 11.00 11.01 11.02 11.03 11.04 11.05 11.06 11.07 11.08 11.09 11.10 11.11 11.12 11.13 11.14 11.15 11.16 11.17 https://daricgroup.com/en/BonabSteel.aspx. {{cite web}}: Missing or empty |title= (help)
  12. ↑ 12.0 12.1 12.2 12.3 12.4 12.5 https://www.irna.ir/news/84067721/%D9%85%D8%AC%D8%AA%D9%85%D8%B9-%D9%81%D9%88%D9%84%D8%A7%D8%AF-%D8%A8%D9%86%D8%A7%D8%A8-%D8%AA%D9%88%D8%A7%D9%86-%D8%A7%D8%B4%D8%AA%D8%BA%D8%A7%D9%84%D8%B2%D8%A7%DB%8C%DB%8C-%DB%B1%DB%B0-%D9%87%D8%B2%D8%A7%D8%B1-%D9%86%D9%81%D8%B1-%D8%B1%D8%A7-%D8%AF%D8%A7%D8%B1%D8%AF. {{cite web}}: Missing or empty |title= (help)
  13. ↑ 13.00 13.01 13.02 13.03 13.04 13.05 13.06 13.07 13.08 13.09 13.10 13.11 13.12 13.13 13.14 13.15 13.16 13.17 13.18 13.19 13.20 13.21 13.22 13.23 13.24 13.25 13.26 13.27 13.28 https://web.archive.org/web/20251113181503/https://mfbco.ir/wp/subsidiaries. Archived from the original on 2025-11-13. {{cite web}}: Missing or empty |title= (help)
  14. ↑ 14.0 14.1 14.2 14.3 https://mfbco.ir/Wp/Subsidiaries. {{cite web}}: Missing or empty |title= (help)
  15. ↑ 15.0 15.1 (PDF) https://web.archive.org/web/20230410190908/https://www.oecd.org/industry/ind/latest-developments-in-steelmaking-capacity-2022.pdf (PDF). {{cite web}}: Check |archive-url= value (help); Missing or empty |title= (help)

Resources

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