Mobarakeh Steel Hormuzgan Steel Company plant (شرکت فولاد هرمزگان جنوب, شرکت فولاد مبارکه هرمزگان), also known as Hormuzgan Iron & Steel, HOSCO, is a steel plant in Bandar Abbas, Hormozgan, Iran that operates electric arc furnace (EAF) and direct reduced iron (DRI) technology.
The Mobarakeh Hormuzgan Steel Company plant began operating with a direct reduced iron (DRI) plant in 2008 and later added on an electric arc furnace (EAF) plant in 2010.[1] It was previously owned by the National Iranian Steel Company (NISCO; Government of Iran).[2] According to a press release from 2005, the plant was to cost 600 million dollars; it was to be financed with funds coming from a mix of Iranian banks (comprising 50% of the total) and funds from a mix of European banks (the other 50%).[3]
In 2020, the plant was listed by the Iran Funds, Manipulation, Atrocities, and Threats and Terror (IFMAT) watchdog as being involved in Iran's nuclear weapon program.[4]
As of 2025, the plant contained two DRI units with a total capacity of 1.65 million tons per year, and two EAF units with a total capacity of 1.5 million tons per year.[5] A further EAF unit is planned.[6]
small shareholder(s) [44.6%]; Iranian Mines & Mining Industries Development & Renovation Organization [17.2%]; Justice Shares Broker Co [14.6%]; Social Security Organization of Iran [13.2%]; Rafeh Capital Development Co [10.3%]
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.
