Iran steel output increased by 0.9 mln tons

Business Materials 12 June 2015 15:24 (UTC +04:00)

Baku, Azerbaijan, June 12

By Fatih Karimov -

Iran's steel production has increased by 0.9 million metric tons to 16.3 million tons in 2014.

According to World Steel Association's annual report, released on June 11, Iran's finished steel products volume also reached 17.3 million tons, a 0.6 million tons more than 2013, however this figure is 3.54 million metric tons less than pre-sanctions level in 2011.

The western countries imposed tough sanctions on Iran in mid-2012.

The country's net steel imports also reached 3.7 million tons last year.

Edited by CN