Chadormalu Mining and Industrial Company (CMIC)’s executives joined Tehran Securities Exchange’s opening bell ceremony on Sunday 28 September 2025.
Tehran Securities Exchange (TSE) hosted a special ceremony to mark the 22nd anniversary of listing The Chadormalu Mining and Industrial Company (CMIC) in TSE. The ceremony highlighted CMIC’s pivotal role as the main Iron Ore Concentrate producer for Iron Making by Direct Reduction in Iran listed companies on TSE.
Mr. Dehghani, Chadormalu’s CEO, highlighted Chadormalu’s competitive advantage stemming from its fully integrated steel production value chain and expressed: "With an annual production capacity of approximately 10 million tons of iron ore concentrate, 1.5 million tons of sponge iron, and over one million tons of crude steel billets, Chadormalu has established itself as a key player in Iran’s steel industry value chain."
The CEO further pointed out: "Currently, Chadormalu Holding accounts for 13% of the country’s total iron ore concentrate output, 7% of pellet production, 10% of sponge iron production, and 6% of national steel billet output."
Additionally, Dehqani emphasized: "Chadormalu secured the top position in domestic steel billet sales by capturing an 18% market share in the last year."
According to the statistics, the company holds a market capitalization exceeding IRR 870 trillion and ranks second among 11 active companies in the Metal Ores Mining industry by market capitalization.
CMIC was established in June 1992 and listed in TSE on 21st April 2003. The company produce up to 1,000,000 ton/year crushed Iron Ore for using in Blast Furnaces in Iran as well for export purpose.
