It is reported that SMS Siemag, global leading equipment and service provider for metallurgical plant and rolling mill technology for steel, aluminum and nonferrous metal industry worldwide is about to make investment in Iran's steel industry as the leader of the company made it in public during a meeting with Iranian Mines & Mining Industries Development and Renovation Organization.

SMS Siemag has made investment earlier in Iranian steel mills such as Hormozgan and Mobarakeh steel plants.

Due to the possible lift of the sanction on Iran to improve the relationship with Iran, European countries now are ready to invest in Iran to grab the opportunity to make money.