Iran’s steel output surpasses 7.3 million tons

Business Materials 21 September 2012 13:27 (UTC +04:00)

Azerbaijan, Baku, Sep.21/ Trend F.Milad/

Iranian state and privately-owned sectors produced 7394 tons of steel during the first five months of the current calendar year which began on March 20, the Mehr news agency quoted the deputy industry minister as saying.

Vajihollah Jafari added that the crude steel output amounted to 6.25 million tons during the aforementioned period of time showing an 8.8 per cent rise year on year.

Iran will no longer need to import steel products next year once the steel production projects currently underway come on stream, the deputy industry minister said on Wednesday.

Reza Fatemi-Amin told the IRNA news agency that some seven million tons of crude steel is imported annually.

On September 4, Industry, Mine, and Trade Minister Mehdi Ghazanfari said that a number of steel projects with a total output of 12 million tons, are being implemented, the IRNA news agency reported.

Iran will become one of the world's main steel exporters by March 2016, Ghazanfari said in May 2011.

He added that despite global economic sanctions, the country's steel output increased by five million tons during the past two years, reaching 17 million tons.

Iran produced over 6.25 million tons of crude steel during the first five months of this Iranian year which began on March 20, showing an 8.8 per cent growth year on year.

Some 7.2 million tons of steel products were also manufactured in the five-month period, almost equal to the previous year's total output.