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Iran’s Steel Ingot Output Rises 8,3 %

The volume of manufactured steel products exceeded 1,3 Mt during the 9-month period, according to the report. Iran exported over USD 390 million worth of steel products in the first eight months of the current Iranian calendar year, showing 12 % rise compared to the same period in the previous year, ISNA reported. Exports of steel ingots, however, fell by 79 % in value and 82 % in weight year on year. Industry, Mine, and Trade Minister Mehdi Ghazanfari has said Iran will become one of the world’s main steel exporters by March 2016. He added that despite global economic sanctions, the country’s steel output increased by 5 million tons during the past two years, reaching 17 Mt (12/2012).

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