Lower Gas Supply to Steelmakers Will Cut Non-Oil Export Revenues

The steel sector accounts for 5% of Iran’s daily natural gas consumption of 800 million cubic meters that is negligible compared to the industry’s revenue-generating potential, the Oil Ministry's deputy for planning said.
“Steel mills’ output stands at 40 million tons, comprising 12% of annual non-oil export earnings hovering around $90 billion per annum, and falling short of supplying the sector with enough gas will hurt revenues,” Houshang Falahatian was also quoted as saying by IRNA.
“Gas consumption in steel plants increased by 14% per year between 2016 and 2020, whereas gas production capacity experienced a 6% rise per year in the period,” he said.