Ardakan Steel Complex started its activities by investing in the following subsidiaries of Jahan Profile Pars in 2011. Initially, studies were carried out to select the best technology for the construction of a sponge iron production plant that is preferred both in terms of internal technical capability and energy consumption and product quality. After these reviews, Midrex technology was selected and a contract was signed with MMTE as a project engineering designer.

Ardakan Steel Complex Company located in Ardakan city of Yazd province with an annual production capacity of 960,000 tons of sponge iron on Tuesday, September 25, 2016 with the presence of managers and technical staff of this complex and through video conference with the President, Dr. Hassan Rouhani, Mr. Sarghini, Acting Minister of Industry, Mines and Trade, was inaugurated in the presence of Mr. Gharibpour, CEO of Imidro, and Mr. Talebi, Governor of Yazd, to be a turning point in creating economic and infrastructural infrastructure for the development and promotion of Iran's name.