TEHRAN- Iran’s crude steel exports increased by 16 percent during the four-month period form March 21 to July 22, compared to the same period of time in the previous year, IRNA reported.

As reported, the country exported 2.487 million tons of crude steel during the four months of this year, while the figure was 2.138 million tons in the same time span of the past year.

Iranian steel producers produced 8.279 million tons of crude steel during the mentioned four-month period, with 17 percent growth from the figure of the same period of time in the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

IMIDRO data put the country’s crude steel production at 7.062 million tons during the same four months of the previous year.

“Iran produces 34 million tons of steel per year and is aimed at producing 55 million tons of the product by 2025,” according to Industry Minister Mohammad Shariatmadari.
To hit the target, Iran is in need of attracting €8 billion of investments, the minister said.

He also announced that the country exports 9 million tons of crude steel per year and plans to improve the figure up to 15 million tons by 2025.

MA/MA