19215
Crude Steel Output Up
Economy, Business And Markets

Crude Steel Output Up

More than 2.84 million tons of crude steel were produced domestically during the first two months of the current Iranian year (March 21- May 21, 2015), nearly 2,000 tons more than production in the similar period of previous year. Crude steel production in the second month of the current year (April 21- May 21) stood at 1.457 million tons, up by 2% compared to the similar period of the previous year, Foolad-News reported. This is while global steel production declined 1.7% in the first 4 months of 2015 compared to last year as production decreased in 32 countries including China, Japan, Qatar, Saudi Arabia, Argentina, the US, Canada, Mexico and Turkey. China’s reduced steel output and demand, slowdown in global demand for steel products in various sectors including construction as well as a sharp fall in global prices of iron ore and coal are seen as the major causes of decline in global steel production and prices.

Short URL : http://goo.gl/5SYrBj

You can also read ...

Iran Economic News Headlines for Today - October 15
1. Mohammad Baqer Nobakht, the head of Plan and Budget...
Iran, India Aim to Accelerate Chabahar Project Before US Curbs
India and Iran have renewed efforts to operationalize one...
Ban on Iran Imports From Farah Checkpoint to Be Lifted
Afghanistan Customs Department has agreed to lift the ban on...
Iran Plans Barter Trade With Africa - Interview
As a bid to ease trade with African countries, the Iran...
Iran Mineral Trade Surplus Rises to $3.5 Billion
Iran's trade surplus of mineral products increased notably to...
Tehran Stocks Regain Composure on Big Firms Earnings
After losing more than 6,000 points in the past two days,...
Iran, Japan to Train Afghan Customs Staff
The Islamic Republic of Iran Customs Administration has signed...
Cars to Cost More in Iran
Automakers will soon receive the okay from relevant...

Trending

Googleplus