25744
Farewell to Crude Steel Exports
Economy, Business And Markets

Farewell to Crude Steel Exports

Deputy minister of industries, mining and trade, Mehdi Karbasian, says the government is making every effort to stop raw material exports in the steel sector. “The plan is to stop shipping iron ore to overseas markets and, in turn, develop concentrate and pellet manufacturing plants,” said the official, speaking to Mehr News Agency on Sunday. To this end, Karbasian said, the Industries Ministry is providing incentives such as loans to manufacturing projects as well as removing duties on exports of iron concentrate. “According to the ministry’s plans, raw material exports in the steel sector will come to a complete halt by the end of the current Iranian year (March 19, 2016), and manufacturing firms will move towards producing sponge iron and ingots.”

Short URL : https://goo.gl/3ZHr6B
  1. https://goo.gl/6LsrH8
  • https://goo.gl/2CSMva
  • https://goo.gl/LlD9ue
  • https://goo.gl/yYpfpL
  • https://goo.gl/a5tCp4

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...

Trending

Googleplus