24086
7-Month Steel Production at 9.64 MT, Up 3.7%
Economy, Business And Markets

7-Month Steel Production at 9.64 MT, Up 3.7%

Iran’s crude steel production registered a 3.7% rise to reach 9.64 million tons in the first seven months of 2015 compared to the corresponding period of last year, a report by World Steel Association reads.
Production of crude steel and steel products in the current year is expected to reach 18 million tons and 19 million tons respectively.
Iran is the top producer of steel in the region and 14th largest in the world. It is also on track to meet the goal of 55-million-ton steel production by 2025 based on the 20-Year Vision Plan.
According to the head of Iranian Mines and Mining Industries Development and Renovation Organization, the first quarter of the current Iranian year (started March 21) saw the export of around 406,000 tons of steel products worth $288 million.
Iran’s steel mostly headed to Italy, Spain, Armenia, the UAE, Azerbaijan, Afghanistan, Pakistan, Tajikistan, Thailand, Turkmenistan, Iraq, Oman, Qatar and South Korea.
Mehdi Karbasian added that exports of steel ingots stood at around 470,000 tons worth $202 million in the same period and Jordan, the UAE, Bangladesh, Pakistan, Thailand, Turkmenistan,  Turkey, Saudi Arabia, Oman and India were the main importers of this Iranian product, IRNA quoted him as saying.
“Steel companies have pledged to increase their exports to 4 million tons in the current Iranian year from last year’s 2.5 million tons,” he said.

Short URL : https://goo.gl/uNHEee
  1. https://goo.gl/BxVH1X
  • https://goo.gl/SR5OdT
  • https://goo.gl/9uAe1K
  • https://goo.gl/vWv3ZG
  • https://goo.gl/wxqDjH

You can also read ...

The Airbus A320 family accounts for most of the narrow-body jets Iranian airlines have ordered in the past two years
Iranian airlines are placing massive orders for short- to...
With 31 holding companies from different fields of industries, services and commerce, Iran is the biggest participant in the 59th Damascus International Fair.
Iran can help Syria accelerate its reconstruction and...
Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates
Mohammad Shariatmadari, industries, mining and trade minister-...
MANN+HUMMEL Opens Tehran Office
German manufacturing company and leading global filtration...
Auto Parts Makers Visit Pakistan
Iran’s commercial attaché  in Islamabad led an economic...
Carpet Expo to Open  in Tehran
Tehran will host the 26th Iran Handmade Carpet Exhibition from...
Foreign Investment to Help Remedy Recession, Inflation
Iranian President Hassan Rouhani, who is beginning his second...
New Car Import-Scrappage Rule Comes Into Effect
The government has passed new rules that require auto...

Trending

Googleplus