Steel products export up 129% in 2 months yr/yr

June 24, 2018 - 18:3

TEHRAN- Iran exported 413,000 tons of steel products during the two-month period from March 21 to June 21, with 129 percent rise from the figure of the same time span in the past year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.

As reported, the country had exported 180,000 tons of steel products during the two-month period in the preceding year.
IMIDRO also announced that over 4.258 million tons of crude steel have been produced in the country during the two-month time, while the figure was 3.96 million tons in the same period of time in the previous year.
Meanwhile, steel products output rose to 3.407 million tons in the two-month time of this year from 3.249 million tons of the same time span in the past year.
Production of sponge iron also increased to 4.564 million tons from 3.532 million tons, showing 29 percent rise year-on-year.
Last week, Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that several crude steel production projects have been specified in the country over the past five years that have 40-percent progress at the moment.
The official said that Iran’s crude steel output will reach 40 million tons per year once the mentioned projects are complete, Shata news agency reported.
Iran produced 21.884 million tons of crude steel and 19.776 million tons of steel products in the past Iranian calendar year (ended on March 20), showing 19 percent and 9 percent rise, respectively, year on year, according to the data released by IMIDRO.

MA/MA

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