The order from Iran's Samangan Steel Industries calls for POSCO Engineering to build a mini mill with an annual capacity of 740,000 tons of billets or semi-finished materials for steel bars, the company said. Construction will begin in August this year for completion in May 2009, it said. The plant will be built in the Sirjan Special Economic Zone in Iran's Kerman province, about 1,000 kilometers south of Iran's capital, Tehran, it said. Samangan Steel Industries is majority-owned by Kerman Development Organization, POSCO Engineering said. PIN/YONHAP