Name

MIDHCO

Legal name

شرکت مادر تخصصی توسعه معادن و صنایع معدنی خاورمیانه (MIDHCO) - سهامی عام

Website

https://midhco.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Iron and Steel Manufacturing

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290), Nonferrous Metal (except Aluminum) Production and Processing (3314), Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Commodity Brokerage, Merchants & Structured Trade (Offtake, Prepay, Inventory/Collateral Mgmt) (IMAKAJAK)

akta.pro secondary industries

Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ), Logistics, Warehousing & Stockyard Operations for Metals/Minerals (IMAKAJAL)

Keywords

• Iron ore mining
• Steel production
• Copper cathode manufacturing
• Mineral processing services
• Mining holding company

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Mineral and Steel Product Sales: MIDHCO generates revenue primarily from the sale of mineral and steel products including iron ore concentrate, pellets, sized iron ore, sponge iron (DRI), steel billets and blooms, copper cathodes and tubes, coal concentrate, ferroalloys (ferrosilicon), metallurgical coke, and magnesium ingots. Products are sold domestically (80% of sales) and exported (20%). Financial results are supplemented by equity transactions including the sale of stakes in subsidiaries (Zarand Iranian Steel and Sirjan Iranian Steel).

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

MIDHCO is a specialized mining and mineral industries holding company that invests in exploration, extraction, and production across the full steel supply chain. It manufactures and sells iron ore concentrate, pellets, sponge iron (DRI), steel billets and blooms, copper cathodes and tubes, metallurgical coke, coal concentrate, ferrosilicon, magnesium ingots, lime, and dolomite through integrated subsidiaries (ZISCO, SISCO, BISCO, IBCCO, FESICO, Pabdana). It also provides industrial construction, engineering consulting, transportation logistics, and trading services for both domestic and export markets.

Product overview

MIDHCO (شرکت مادر تخصصی توسعه معادن و صنایع معدنی خاورمیانه) is a specialized mining and metals holding company established in 1386 (2007/2008) in Tehran, with a fully integrated mineral-to-steel value chain and diversified copper and mining operations. The product portfolio is organized around three core verticals: (1) Iron Ore & Steel — covering iron ore, concentrate, pellets, coal concentrate, metallurgical coke, sponge iron (DRI), and steel ingots/billets — produced by subsidiaries ZISCO, SISCO, and BISCO; (2) Copper — including copper cathodes and copper tubes/pipes from Babaak Copper and the Chah-e Mosi copper cathode plant; and (3) Specialty Metals & Alloys — including ferrosilicon from Ferrosilicon Gharb Pars and magnesium ingots. Supporting services include transportation/logistics (Simangan Tarabar with 50 owned trucks), construction and EPC contracting (Mana and Manasaz subsidiaries, including the Alumtab aluminum/UPVC window and facade factory), engineering and consulting (Mohandesi Meyar Sanat), and trading (MESCO). The holding also operates on-site power generation (TRT and combined-cycle plants) and produces lime/dolomite as flux materials. The structure is a platform-of-platforms model where each subsidiary operates independently while sharing infrastructure and logistics within the Kerman province industrial cluster.

Differentiator

Problem solved

Functional benefit

Brands

• Alumtab (آلومتاب): Aluminum and UPVC doors, windows, and building facade production unit under Manasaz subsidiary, operating in Eshtehard Industrial Park, Qazvin Province.

Products and services

• Iron Ore Pellets (گندله سنگ آهن) Iron ore pellets produced by MIDHCO subsidiaries (ZISCO, SISCO, BISCO) for use as feedstock in direct reduction iron (DRI) and blast furnace steelmaking. Sold to domestic steel producers and exported through international channels.
• Iron Ore Concentrate (کنسانتره سنگ آهن) Concentrated iron ore processed from raw ore through MIDHCO's concentration plants, serving as intermediate input for pelletizing and sintering operations. Sold to domestic and international steel manufacturers.
• Coking Coal (زغال سنگ کک شو) Coking coal from Pabdana mine and related operations, supplied as feedstock for metallurgical coke production in integrated steelmaking complexes.
• Metallurgical Coke (کک متالورژی) Metallurgical coke produced from coking coal via MIDHCO's coke oven and CDQ facilities, used as a reducing agent and heat source in blast furnace ironmaking.
• Iron Ore (سنگ آهن) Raw and sized iron ore extracted from MIDHCO's Jalalabad and other mining operations, used as primary input for downstream concentration, pelletizing, and sintering plants.
• Ferrosilicon (فروسیلیس) Ferrosilicon alloy produced by Ferosilicon Gharb Pars subsidiary in Hamedan Province, used as a deoxidizer and alloying agent in steelmaking and iron foundry operations.
• Sponge Iron / DRI (آهن اسفنجی) Direct reduced iron (DRI) produced through gas-based direct reduction including HYL 3rd generation technology at the Butia plant, used as primary feedstock for electric arc furnace steelmaking.
• Copper Pipe and Tube (لوله مسی) Copper tubes and pipes produced by Babaak Copper Iranian (IBCCO) subsidiary in Shahrbabak, used in HVAC, plumbing, refrigeration, and industrial applications.
• Steel Ingot and Billet (شمش فولاد) Steel ingots and billets produced from scrap and sponge iron via electric arc furnace by MIDHCO steelmaking subsidiaries, sold as intermediate steel product to rolling mills and steel processors.
• Copper Cathode (کاتد مس) Electrolytic copper cathodes produced from copper concentrate at IBCCO and the Chah-e Mosi copper cathode plant, serving as feedstock for copper tube, wire, and alloy manufacturing.
• Magnesium Ingot (شمش منیزیم) Magnesium ingots produced at the Ferosilico Gharb Pars facility in Hamedan — the only electrolytic magnesium ingot production facility in the Middle East with 6,000 tons/year capacity — used in aluminum alloys, automotive, and aerospace industries.
• Coal Concentrate (کنسانتره زغال سنگ) Processed coal concentrate from Faravaran Zahmatken Pabdana subsidiary operations, used as feedstock for coking operations and metallurgical coke production.
• Power Generation (نیروگاه برق) On-site power generation capacity including the Butia 500 MW combined-cycle power plant and TRT (Top Pressure Recovery Turbine) units, supplying electricity to MIDHCO's industrial complexes and the national grid.
• Lime and Dolomite (آهک و دولومیت) Quicklime and dolomite produced by MIDHCO subsidiaries for use as flux materials in steelmaking and sintering processes.
• Industrial and Structural Steel (سازه فلزی صنعتی و عمرانی) Steel structures manufactured by Manasaz Abyek subsidiary, including heavy structural steel, tanks, galleries, and piping for industrial plants. Production capacity of 1,200 tons/month of metal structures, 2,400 rollers/month, and 1,000 grate plates/month at the Abyek facility.
• Aluminum and UPVC Windows and Doors (نما، در و پنجره آلومینیومی و UPVC) Aluminum and UPVC doors, windows, and facade systems produced by Alumtab factory under Manasaz subsidiary in Eshtehard Industrial Park, with normal and thermal-break profiles. ISO 9001/14001/45001/3834-2 and CE certified.
• Prefabricated Concrete and Metal Parts (قطعات پیش‌ساخته بتنی و فلزی) Precast concrete components, prestressed elements, and prefabricated metal parts including rollers and grate plates for industrial plants, produced by Manasaz Abyek subsidiary.
• HSEC Engineering Services (خدمات مهندسی HSEC) Health, Safety, Environment, and Community engineering services including HSE planning, environmental protection, social responsibility management, and energy management provided across MIDHCO subsidiaries.
• Drilling and Exploration Services (حفاری و اکتشاف) Mining exploration and drilling services provided across MIDHCO's subsidiary network for mineral deposit identification and development.
• Road Transportation and Logistics (حمل و نقل) Road transport and logistics services for mineral and industrial products via Simangan Tarabar (ISTCO) subsidiary operating a fleet of 50 owned trucks across Kerman Province.
• Engineering and Consulting Services (مهندسی و مشاوره) Engineering, design, supervision, and project management consulting services provided by Mohandesi Meyar Sanat Khavarmiane (MEMSECO) subsidiary for the steel and copper value chain.
• Trading Services (بازرگانی) Trading and commercial services including procurement of consumables for operating units and export sales of subsidiary products, managed by MESCO trading subsidiary with priority on export channels.
• Construction and EPC Contracting Services (ساختمانی و پیمانکاری) Large-scale construction and EPC/PC contracting services for industrial, commercial, residential, and infrastructure projects, provided by Mana and Manasaz subsidiaries.

Quantifiable outcome

• Over 63 million tons total mining operations and over 20 million tons final product output in the most recent fiscal year
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Londe (WMY)minorImplementation/ SI/ Consulting Partner · 1 January 2009WMy (Londe) participated as a partner company in the execution of the magnesium ingot plant project at Ferosilico Gharb Pars in Hamedan. Collaborated with MEMSECO and Manasaz on the project.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Emerging players

• NMDC Limited: India's largest iron ore producer, state-owned and listed on Indian stock exchanges. Comparable in being a publicly-listed integrated mining and metals holding company operating iron ore mines, pellet plants, and steel-related infrastructure. Useful emerging-market benchmark for MIDHCO's vertically integrated model and capital-markets funding approach.

Regional players

• Emirates Steel Arkan: UAE's largest integrated steel producer, manufacturing heavy sections and rebar from iron ore through DRI and electric arc furnace. Comparable vertically integrated structure, serves regional markets overlapping with MIDHCO's export channel (20% of MIDHCO sales are exports).
• Saudi Arabian Mining Company (Ma'aden): Saudi integrated mining and metals company producing phosphate, aluminum, copper, and steel. Comparable vertically integrated model from mining through metals, listed on Saudi Stock Exchange (Tadawul). Useful regional benchmark for MIDHCO's mining-to-metals platform.
• Hadeed (SABIC Steel): Saudi Arabia's largest integrated steel producer, part of SABIC, operating blast furnace and DRI routes from local iron ore. Comparable integrated producer serving regional GCC markets; representative of regional competition for MIDHCO's export volumes.
• Erdemir (Ereğli Demir ve Çelik): Turkey's largest integrated steel producer, publicly traded on Borsa Istanbul. Operates iron ore mining, DRI/blast furnace, and flat steel production. Comparable regional integrated steel platform serving export markets, including potentially overlapping with MIDHCO's 20% export channel.

Broad incumbents

• Vale S.A. Global mining giant and one of the world's largest iron ore producers, also producing copper, nickel, and other metals. While far larger and globally diversified, Vale's vertically integrated mining-to-metals model and commodity trading operations are conceptually similar to MIDHCO's holding structure and core iron ore/copper portfolio.

Direct peers

• Khouzestan Steel Company (KSC): Iranian integrated steelmaker producing billets, blooms, slabs, and rebar from iron ore mining through DRI/blast furnace and steelmaking. Listed on Tehran Stock Exchange. Competes with MIDHCO's ZISCO/SISCO/BISCO subsidiaries in Iranian domestic steel markets.
• Chadormalu Mining and Industrial Company: Major Iranian iron ore miner and producer of iron ore concentrate and pellets, listed on Tehran Stock Exchange. Operates one of Iran's largest open-pit iron ore mines. Directly comparable to MIDHCO's upstream iron ore mining and pelletizing operations in Kerman Province.
• Mobarakeh Steel Company: Iran's largest steel producer and Middle East/North Africa's biggest direct-reduction steelmaker, headquartered in Isfahan. Operates an integrated flat-steel production chain from iron ore through DRI/HBI to hot-rolled coil, closely paralleling MIDHCO's vertical model. Both are publicly listed Iranian steel holdings serving overlapping customer segments.
• Gol Gohar Iron Ore Complex: One of Iran's largest iron ore mining and pelletizing complexes in Kerman Province. Listed on Tehran Stock Exchange. Both a peer (competing iron ore concentrate and pellet supplier) and a customer of MIDHCO (MIDHCO subsidiary Semangan Tarabar transports iron ore lumps from Gol Gohar to MIDHCO steel complexes).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/midhco
• Instagraminstagram.com/midhco1

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIDHCO