Butia Iranian Steel Company (Private Joint Stock) was established in 2012 by Middle East Mines and Industries Development Holding Company (MIDHCO) (Public Company). The company has been established aiming to develop and operate concentrate, palletizing, direct reduction, steel, and casting plants, as well as a 450 MW combined cycle power plant. Butia Iranian Steel Plants are developed on a 451 ha land plot located in Kerman Province in a distance of 27 km from the city of Kerman. Reduced energy consumption, reduced water consumption, and a unique portfolio with capacity of producing various exclusive steel sections and producing high quality steel for export and competing in international markets are amongst the advantages of Butia Iranian Steel Complex