According to foreign media reports, as of February 19, the Ministry of industry, mines and trade of Iran has launched five steel projects in the past 11 months, with a total investment of 21.39 trillion Riyals (about 133 million US dollars). At present, two projects have been put into operation in Isfahan Province, and the rest are still under construction. The new project involves the production of pipes, profiles, plates, DRI, etc., and will create 1000 new jobs.

The pals steel plant in haft tappeh is one of five new projects with an annual capacity of 100000 tons of steel.