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Iran steel exports in 12 months jump up by 27%-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
5/5/2017 steel expo-metal &metallurgy expo |
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FNA reported that Iran''s private sector exported over 5.5 million tonnes of crude steel and related products in over past 12 months, showing a 27% growth as compared with last year''s corresponding period.
Secretary of the Iranian Steel Producers Association Rasoul Khalifeh said that "This figure is very important and we foresee that the growth will continue to accelerate; we can say the conditions of steel industry are promising.” He reiterated that the 27% growth in export of Iran''s steel exports is very important because it will pave the way for growth in other industries.
In relevant remarks in mid-June, Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh underlined that the country would considerably increase the volume of its steel production soon. Mr Nematzadeh told reporters that "Iran''s steel production output will approach 50 million tons by next year.”
He, meantime, said that Iran currently produces 17 million tons of steel per year.
Iran is currently the largest steelmaker in the Middle East and North Africa and the world’s 14th largest producer. The country has already devised serious plans to increase its steel production capacity to 55 million tons per year from the current level of about 17 million tons per year by 2025. The country’s export capacity is also expected to rise to above 13 million tons per year.
The country is pushing ahead with the development of several major provincial steel production plans and is already forging ahead with serious plans to bring in foreign investors like Italy’s Danieli and South Korea’s POSCO to the same effect.
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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