Steel Industry Complex Project Requires $412.2 Million

Under a government resolution and Prime Minister’s directive, a working group has been established to get an approval of the feasibility study (FS) and select investors for the “Industrial Technology Park” in the Darkhan–Selenge region, which includes a “Steel Industry Complex.”

The working group, led by Deputy Prime Minister and Minister of Economic Development N. Uchral, held its first meeting yesterday to present initial proposals.

The project is expected to generate significant socio-economic benefits once operational. Accordingly, the revised feasibility study will be finalized, and the contractor selection process will be completed by Q3 2025.