Hormozgan Steel Company
Hormozgan Steel Company (HOSCO) is a listed Iranian producer of steel slab and sponge iron located in the Persian Gulf Special Economic Zone near Bandar Abbas. Its 1.5 million-tonne annual slab capacity and integrated direct-reduction, electric-arc, desalination and lime assets make it relevant to coastal steel supply, industrial procurement and port-linked logistics.
Operations & footprint
Products and services
Hormozgan Steel Company produces steel slab and related upstream steel products from its base near Bandar Abbas and the Persian Gulf mining and metals industrial zone. Its operating context is closely linked to port access, mineral and metallic inputs, energy-intensive production, export logistics, and southern industrial supply chains.
Operations and assets
The site includes a direct-reduction plant, electric-arc furnace, 30,000 m³/day desalination plant and 90,000-tonne-per-year calcined-lime plant. Stated annual capacity is 1.5 million tonnes of steel slab and 1.65 million tonnes of sponge iron.
Geographic footprint
Operations are based in the Persian Gulf Special Economic Zone, 13 km west of Bandar Abbas in Hormozgan Province.
Ownership & group structure
Subsidiaries and group companies
Hormozgan Stone And Steel Comp (70% ownership attributed to South Hormozgan Steel Company Public Joint Stock).
Reported scale
Employees: 4,364 employees (2025).
Commercial and investment relevance
In the Hormuz investment graph, Hormozgan Steel Company connects steel production with port infrastructure, export channels, mineral-input flows, and the southern industrial corridor. It is useful for assessing export-oriented steel economics, southern metals clustering, logistics dependence on Bandar Abbas, and the competitiveness of coastal versus inland industrial locations. For investors and analysts, it functions as a benchmark for how Iran’s basic-metals sector uses Gulf access, but direct exposure requires verification of ownership, compliance, sanctions constraints, and commercial counterparties. The company is a large coastal supplier of slab and sponge iron for buyers, input providers and industrial partners serving southern Iran. Its integrated water, lime, direct-reduction and electric-arc assets concentrate procurement and operating opportunities around raw materials, utilities and port-linked logistics.
Constraints, risk & compliance
Key risks and constraints
Operations depend on reliable electricity, gas, water-treatment and raw-material supply for direct-reduction and electric-arc production. A proposed increase in steel-melting capacity to 3 million tonnes per year remains under study rather than operational capacity.
Sanctions and compliance considerations
Hormozgan Steel Company is listed by the U.S. Department of the Treasury on the Specially Designated Nationals list under the IRAN-EO13871 programme. Transactions require sanctions, counterparty, shipping, payment and jurisdictional compliance review.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Hormozgan Steel Company produce?
Hormozgan Steel Company produces steel slab and sponge iron through an integrated direct-reduction and electric-arc steelmaking operation.
Where is Hormozgan Steel Company located?
Its operating site is in the Persian Gulf Special Economic Zone, about 13 km west of Bandar Abbas in Hormozgan Province, Iran.
What is HOSCO’s stated production capacity?
The company states annual capacity of 1.5 million tonnes of steel slab and 1.65 million tonnes of sponge iron.
Is Hormozgan Steel Company subject to U.S. sanctions?
Yes. Hormozgan Steel Company is listed on the U.S. Specially Designated Nationals list under the IRAN-EO13871 programme.