According to a Steel correspondent, Saeed Zarandi, CEO of Mobarakeh Steel Group, speaking at a meeting with the CEOs of Tuka Steel Holding and Atiyeh Foolad Naghsh Jahan, referred to recent developments in the country and their impact on various economic and industrial sectors, stating: “Over the past more than forty days, different incidents have occurred in the country; however, despite the challenges arising from these events, due to national cohesion and public support, national affairs have remained stable.”
He added that, considering recent threats against economic infrastructure, Mobarakeh Steel had previously reviewed various crisis scenarios over the past months. Since the beginning of Farvardin 1404 (March–April 2025), around 40 crisis management meetings have been held.
Zarandi further stated that immediately after the recent incident, three working groups—reconstruction, financial-commercial, and human resources & media—were activated, and with full delegation of authority, all processes continued without interruption.
Referring to the damages inflicted on some units, the CEO of Mobarakeh Steel said: “The process of safety stabilization, restarting healthy sections, reconstruction, and then modernization has been defined in four phases.” He also highlighted the capacity of the group’s contractors, stating: “Although these conditions have been painful, they have created new opportunities for contracting companies.” He added that in the new period, the dependency indicators of subsidiary companies, their financial performance, and their level of impact on the parent organization will be reassessed.
The CEO also called for reducing unnecessary costs, revising the number of consultants, streamlining organizational structures, and increasing productivity, adding that group companies must benchmark themselves against national peers and improve their targets and revenue generation levels.
He stated that during this period, in order to prevent tension, all employees have been stabilized and reassured that no harm will be caused to their employment status, healthcare, or welfare conditions for them and their families. Planning for training courses, psychological support programs, and activation of welfare services has also begun since May.
Zarandi emphasized that there will be no layoffs in any of the companies, stressing: “No project should be stopped, and investments must continue according to plan, although some timelines may change due to financial pressures.”
Referring to the performance of the year 1404 (2025–2026), he said: “Last year, despite a sharp increase in energy costs and difficult conditions, slab production reached a historic record of 7.5 million tons, and the export sector successfully achieved its planned targets.”
He concluded by stating that despite the difficulties at the beginning of 1405 (2026), this period can be turned into an opportunity for implementing larger initiatives within Mobarakeh Steel. He added that different sections of the plant will soon be brought back into operation through phased planning, and no time has been lost in the reconstruction process.
