Iran produced 8.73 million tonnes of crude steel during the first 7 months of the current Iranian calendar year which began on March 20 showing 9.6% rise compared to the same period last year.

Mr Fereydoun Ahmadi deputy minister of industry, mine and trade of Iran said that during the same period of time, 10.3 million tonnes of steel products including round bars, angles and sheets were produced.

Mr Reza Fatemi Amin the deputy industry minister of Iran said that some 7 million tonnes of crude steel is imported annually.

Meanwhile, Mr Mehdi Ghazanfari industry minister of Iran said that Iran will become one of the world’s main steel exporters by March 2016. Despite global economic sanctions, the country’s steel output increased by 5 million tonnes during the past 2 years reaching 17 million tonnes.

Source - Tehran Times

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