Iran's annual steel production rises 2%

Resource from: Tehran Times Likes:167

Apr 28,2013

The amount of steel products manufactured by the Iranian state-run and private sectors hit 17.417 million tons in the past Iranian calendar year, which ended on March 20, with 2 percent growth compared with the preceding year. Also, crude steel production reached 14.873 million tons, showing 5.7 percent growth year on year, ILNA reported on Saturday. Iranian Deputy Industry Minister Vajihollah Jafari said last April that the country’s annual crude steel output is projected to reach 55 million tons by 2025. “The output stood at 12.7 million tons last year,” he said, adding that Iran also had produced some 16 million tons of steel products. Iran will become one of the world’s main steel exporters by March 2016, Industry, Mine and Trade Minister Mehdi Ghazanfari said in May 2011. Iran will be a self-sufficient steel producer in the next three years, the vice chairman of the Association of Iranian Steel Producers Hamidreza Taherizadeh said in July 2012. He told the Fars News Agency that despite global economic sanctions, the country’s steel output increased by 5 million tons during the past two years, reaching 17 million tons.

(Tehran Times)

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