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Iran private sector produces nearly 2.8 million tons of steel products

Business Materials 10 December 2013 11:40

Baku, Azerbaijan, Dec. 10

By Rahim Zamanov - Trend:

Iran's private sector has produced over 2.799 million tons of steel products during the first seven months of the current calendar year (which started on March 21), the Industry, Min, and Trade Ministry reported on December 10.

The seventh calendar month's output accounted for 15.5 per cent of the mentioned figure, the IRNA News Agency reported.

Some 435,000 tons of steel products were produced by the private sector in the mentioned month (September 23 - October 22).

The public relations office of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported 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.

The figure shows 9 per cent increase compared to the same period of time 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 (both the state and private sector) surpassed 9.735 million tons in the first seven months of current year.

The country's ingot production in the seventh month of 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 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.

World crude steel production for the 65 countries reporting to the WSA 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).

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