Ehya Steel Foolad Baft presented for a Farabourse listing, a sponge iron producer with the highest price on the commodity exchange

The first press conference introducing the shares of Ehya Steel Foolad Baft was held at Iran Farabourse on Saturday 1 August 2026 (10 Mordad 1405), attended by the company's managers and capital market reporters.

Yaghoub Hatami, the company's chief executive, said the company was founded and registered in 1394 (2015 and 2016) and that phase one of Foolad Baft came on stream in Farvardin 1398 (spring 2019). He said two sponge iron units are currently in operation at the complex.

Hatami said the company's main product is sponge iron and that its quality is such that it currently commands the highest price on the Iran Mercantile Exchange. Sponge iron, or direct reduced iron, is the middle link of the steel chain and the main feedstock for electric arc furnace steelmakers. An introductory press conference is the stage before a company's shares are listed and offered on Iran Farabourse, with the timing and terms of the offering announced in the exchange's official notices.