Iranian South Kaveh Steel Company’s production up
BAKU, Azerbaijan, Dec. 29
By Elnur Baghishov - Trend:
A total of 104,276 tons of steel bullion were produced at South Kaveh Steel Company in Iran’s southern Hormozgan province during the 9th month from November 22 through December 21, 2019 of this Iranian year (began on March 21, 2019), Mohammad Atabay, executive director of the company, said, Trend reports referring to the company’s website.
Atabay added that the company's monthly production capacity is 100,000 tons.
The executive director said that the construction of the company's second steel plant has been completed by 80 percent.
The company produces about 1.2 million tons of steel a year and 70 percent of it is exported.
The company expects to annually produce 10 million tons of steel per year and export 80,000 tons starting from 2025.
The second plant of the company is expected to be commissioned by the end of this Iranian year (March 21, 2020).