On 28 June 2008, in compliance with the Privatization plan, a block of shares of K.S.C with
the volume of 668 million shares (equivalent to 30.5 percent of total shares K.S.C) was
offered by the government on Tehran Stock Exchange and after a 9-day competition was
traded at $2.2 per share with the total value of about $1.5 billion.
About K.S.C: Khouzestan Steel Company (K.S.C) is one of the subsidiaries of Iranian Mines &Mining industries Development and Renovation Organization (IMIDRO) and the first steel making factory in I.R Iran based on Direct Reduction and second pole of steel producer in the biggest steel making country in the Middle East. K.S.C engineers are the first designers and inventors of the first Direct Reduction furnace according to global method of Midrex and also designer of the first Ladle Furnace via Iranian technology. The factory produced more than 2.3 million tones steel and exported 800.000 tons to global markets by the end of Sep. 2006.The factory has been designed to produce 1.550 thousand tons of steel. By finalizing the expansion projects in 2010, K.S.C will reach to 3.2
million tons of steel production.