15409
No More Raw Mineral Exports
Economy, Business And Markets

No More Raw Mineral Exports

Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh has anticipated that raw mineral exports will come to an end within the next three years as investments in the manufacturing sectors are on the rise. He made the remarks in the opening ceremony of Shahroud Steel Production Plant in Semnan Province, IRNA reported. Constructed with an investment of more than $5 million, the plant is expected to create 240 jobs. Referring to Shahroud as a leading industrial city, head of the provincial industry, mine and trade organization, Behrouz Asoudi said out of the 2,000 manufacturing companies in the province, 262 are located in Shahroud.  Iran’s annual steel production currently stands at 18 million metric tons. Iran plans to increase investments in the sector to reach 50 million tons in production capacity within the next ten years. Steel exports are expected to reach 10 million tons in the coming years.

 

Short URL : http://goo.gl/zY3AuF

You can also read ...

US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Iranian Internet Service Providers Under Scrutiny
In a bid to increase access to the Internet, the Communication...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...

Trending

Googleplus