Baku, Azerbaijan, Dec. 27
By Elnur Baghishov - Trend:
Of 500 trillion rials (roughly $11 billion) of Tehran stock exchange's investments, 110 trillion rials (roughly $2.61 billion) accounted for the country's metal industry, Khodadad Gharibpour, the deputy industry's minister and the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said at the meeting of the council for Iran’s first national steel festival and exhibition, Trend reports via Iranian media.
He noted that 33 percent of the revenues of investments market account to metal industry.
Metal industry is as influential as the oil and gas industry, Gharibpour said, adding that mining industry has a great rivalry potential at the market and therefore is highly profitable.
Steel industry has proven itself as a reliable industry, he said.
The first national steel festival and exhibition of Iran will be held on Jan.7-10,2019 in the Milad Tower in Tehran.
The main goal of the festival and exhibition is to promote the potential of the steel industry, nationalization and support local production, Gharibpour said, adding that IMIDRO supports the festival.