Baku, Azerbaijan, Nov. 23
By Rahim Zamanov - Trend:
The output capacity of Iran's Khouzestan Steel Company will reach 5 million tons by the end of the Iranian calendar year of 1395 (March 20, 2017), the company's managing director said on Nov.23.
"The company's output capacity currently stands at 3.5 million tons," the IRNA News Agency quoted Abdolmajid Sharifi as saying.
"The figure stood at 2.2 in the Iranian calendar year of 1386 (ended March 20, 2008)," he added.
Sharifi went on to note that the company produced 1.875 million tons of steel ingots in the first half of the current year, which started on March 21.
The figure shows 7 percent increase compared to the first half of the previous year.
The public relations office of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said on November 20 that over 9.174 million tons of steel ingots were produced in Iran during the first seven months of the current calendar year, which started on March 21.
The figure shows 9 per cent increase compared to the same period of the previous year," the IRIB News Agency reported.
More than 1.38 million tons of steel ingots were also produced in the seventh calendar month of Mehr (September 23 -October 22).
Iran's steel products output surpassed 9.735 million tons in the first seven months of the current year.
The country's ingot production in the seventh month of the current year stood at 1.357 million tons.
The World Steel Association said in its latest press release that Iran produced 1.364 million tons of crude steel in September 2013.
The figure shows over 10.7 per cent increase compared to the same month of the previous year, the IRIB News Agency reported.
The country's total output in the first three quarters of 2013 amounted to 11.318 million tons.
The WSA reported that world crude steel production for 65 countries was 132.54 million tons in September, up 6.1 per cent compared to September 2013.
World crude steel production in the first nine months of 2013 was 1.168 billion tons, an increase of 2.7 percent compared to the same period of 2012.
Iran's crude steel production reached 14.89 million tons in the previous Iranian calendar year, which ended on March 20.
Iran plans to increase its annual steel output to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).