Iran's steel exports up by 70% in 4 months

EghtesadOnline: Iran's steel exports experienced a growth of 70% in the first 4 months of the current Iranian calendar year (started March 20, 2016) compared to the same period last year.

News ID: ۷۳۷۲۱۰

27 September 2016

The achievement was made thanks to the industry's reliance on resistance economy policy which is based on domestic capability, inbreeding and extraversion, reports IRNA.

With a production rate of 16,700,000 tons of raw steel, Iran had a one percent share of the world production in the last Iranian year.

For the first time in the history of the Iranian steel industries, Iran exported 4,100,000 tons of steel last year, thus breaking all of its own previous records.

The Managing Director of the National Iranian Steel Company (NISCO) Abdolmajid Sharifi announced that Iran exported 2 million tons of steel during the first quarter of the current Iranian year, saying that it had 70% - growth compared to previous year.

Based on Iran steel Comprehensive Plan, the production capacity is to reach 55 million tons by the Iranian calendar year 1404 (2025-2026), upgrading its ranking to the 7th in world.