Iran’s steel products output up 2.9 per cent
Azerbaijan, Baku, Jan.13/ Trend F.Milad
Some 13.12 million tons of steel products were produced in the first nine months of current Iranian Calendar year, which began March 20, 2012.
The figure shows a 2.9 percent increase compared to the same period of the previous year, the ISNA news Agency reported.
Iran's steel products output stood at 1.42 million tons in the 9th Iranian calendar month (November 21 - December 21), which is 1.9 per cent more than the same time span previous year.
Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) announced in December that four steel projects will come on stream in the first half of the next Iranian calendar year, to start on March 20.
Once the projects come on stream some 4 million tons would be added to the country's sponge iron output capacity.
The projects will be completed at the cost of 458 million euros and 10.16 trillion rials (some $828.7 based on the official rate of dollar).
Iran will no longer need to import steel products next year once the underway steel production projects come on stream, the deputy industry minister said on September 9, 2012.
Reza Fatemi-Amin told IRNA that some 7 million tons of crude steel are imported annually.
Iran will become one of the world's main steel exporters by March 2016, Ghazanfari said in May 2011.