22814
Khuzestan Steel Co. Leading Exports
Economy, Business And Markets

Khuzestan Steel Co. Leading Exports

More than 450,000 tons of steel ingot were exported by Khuzestan Steel Company in the first four months of the current Iranian year (started March 21), indicating a 215% increase, said the managing director of the company, Abdolmajid Sharifi. “Khuzestan Steel Company ranks first among Iran’s steel exporters, with products exported to Bangladesh, Pakistan, Turkey, Thailand, Oman, Egypt and Sudan via Imam Khomeini Port,” Eghtesad News quoted Sharifi as saying. The company also produced more than 2 million tons of iron pellets and 1 million tons of sponge iron in the same four-month period, indicating increases of 15% and 14% respectively. The official pointed to the drop in steel prices and demand and the excessive amount of imports as issues hampering the domestic steel industry. He called on the government to step up its support by increasing import tariffs on steel products entering the country.

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

You can also read ...

Turkey Determined to Protect Companies From US Sanctions
Turkey will take every initiative to protect its companies...
Westminster Group Hopeful Over Iran Airport Security Deal
UK-based company Westminster Group PLC is still hopeful it can...
Tesla’s Gigafactory in Nevada, the US
Tesla Inc has flown six planes full of robots and equipment...
Further Hike in Unified USD Rate
The Central Bank of Iran has increased the US dollar's...
Head of Sistan-Baluchestan’s Ports and Maritime Organization Behrouz Aghaei (L) shakes hands with Managing Director of Life Trade Promotion Company Mohammad Arazesh after signing the agreement on May 23.
Life Trade Promotion Company signed an agreement with Sistan-...
Fiat Chrysler Recalls 4.8m Vehicles
Fiat Chrysler is warning the owners of approximately 4.8...
About 60% of the total volume of NPLs in Iran are considered irrecoverable.
Iranian banks and credit institutions held a total of about 1....
Iran’s 65-and-over population is projected to rise to make up 11% of the total population in 2036-37.
Iran’s population will get increasingly older over the next...

Trending

Googleplus