Arman Rasan Steel Company, AIG’s subsidiary in Steel Industry was established in 2013 with the aim of supplying steel products for construction and infrastructure sectors in Iran. Relying on international network and credibility as well as efficient commercial operation the company grew rapidly and turn into a key player in supplying steel sheets to Iran market.
During past 10 years Iran registered one of the biggest growths in crude steel production and turned into an exporter country in Steel market. During this period ARASCo involved in various parts of steel production chain from Iron Ore to steel bars as well as expanding its business in export of sponge iron. In 2023 ARASCo renovated its management .structure aiming to enhance its role in Iran steel industry and establish a production plant in near future