|Iran liberalizes steel exports to give incentive to domestic producers||
TEHRAN – Iran has liberalized exports of steel products until the end of spring in a bid to give an incentive to domestic producers, the Iranian deputy industry minister said on Sunday.
Exports of steel products and ingots will be unlimitedly free till the end of Khordad month (June 21), Mohammad-Jafar Sarqini told IRNA.
Iran produced 14.071 million tons of crude steel in the first 11 months of 2013, a 6 percent rise compared to the same period in 2012, the World Steel Association said in its latest press release.
The country’s crude steel output stood at 1.375 million tons in November, up 12.5 percent compared to November 2012, ISNA reported.
World crude steel production in November 2013 amounted to 127.364 million tons, an increase of 3.6 percent compared to the same month in 2012.
Iran’s crude steel production reached 14.89 million tons in the previous Iranian calendar year, which ended on March 20.
Iran plans to increase its annual steel output to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).
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