Darkhan Metallurgical Plant LLC reported a robust net profit of MNT 36.7 billion for the first half of 2025. This result significantly surpasses the initial target of MNT 21.8 billion. Additionally, the company paid MNT 51.7 billion to state and local budgets, well above the projected MNT 37.9 billion. CEO B. Chagnaadorj highlighted that all the key performance indicators set in the business plan were fully met.
Meanwhile, Minister of Industry and Mineral Resources Damdinyam Gongor visited the plant to inspect its current operations and review progress on the Mongolian Steel Complex-1 project. He emphasized the need to speed up the project’s implementation. The minister also urged plant management to promptly resolve land and other related issues to ensure smooth progress.
The government has resolved to establish a new smelting facility within Darkhan Metallurgical Plant. This facility will have an annual production capacity of at least one million tons of steel products. The Mongolian Steel Complex-1 project will form the backbone of this expansion, enabling the plant to increase steel output substantially.
Furthermore, the plant plans to leverage proven reserves from the Tumurtei deposit. This strategy aims to support the production of high-quality, internationally certified steel products. By implementing the investment plan in phases, the plant targets full commissioning of the complex by 2028.
Minister Damdinyam reiterated the government’s commitment to fully support the Mongolian Steel Complex-1 project. He assured that all necessary resources and assistance will be provided to facilitate its completion. The project represents a critical step toward strengthening Mongolia’s steel industry and boosting the country’s industrial capabilities.
In summary, the Darkhan Metallurgical Plant exceeded financial expectations in early 2025 while advancing the Mongolian Steel Complex-1 project. Both the government and plant leadership remain focused on accelerating the project to meet future steel demand and drive economic growth.
