Tehran, Iran, Oct. 22
By Milad Fashtami - Trend:
A Chinese delegation is scheduled to visit Iran next week to finalize a deal on carrying out Miyaneh steel project.
Deputy Industry, Mine, and Trade Minister of Iran Mehdi Karbasian said that the project is expected to come on stream next year, Iran's IRNA News Agency reported on October 22.
"The private sector pays 65 of the project's costs, while Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) pays the rest," he added.
Karbasian said on October 11 that Iran's crude steel production capacity is expected to reach 40 million metric tons in the next four years.
"The country's current production capacity is around 17 million metric tons," Iran's IRNA News Agency reported.
He went on to note just in the next Iranian calendar year (to start March 21, 2015) Iran's production capacity would hit 30 million metric tons.
The public relations office of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported on September 27 that over 6.918 million metric tons of crude steel were produced in Iran in the five months of the current Iranian calendar year (March 21 - August 22).
The figure shows 7.6 percent increase compared to the same period of time previous year, Iran's IRNA News Agency reported on September 27.
Some 7.16 million metric tons of steel products were also produced in the country in the mention period.
The World Steel Association said in its latest press release that Iran produced 10.63 million metric tons of crude steel in the first eight months of 2014.
The figure shows 6.9 percent increase compared to the same period previous year, Iran's IRNA News Agency reported on September 24.
The country's crude steel output in August amounted to 1.332 million metric tons, which is 3.1 percent more than same month in 2013.
Iran was the world's 13th biggest producer of steel in August.
The world' total crude steel output in August was around 134.956 million metric tons, which is 1.4 percent more than the same month previous year.
Iran's crude steel production reached 15.421 million metric tons in 2013, which is 6.6 per cent more than its preceding year.
Iran was the world's 15th biggest producer of steel in 2013.
Iran plans to increase its annual steel output to 55 million metric tons by the end of the Fifth Five-Year Development Plan (2015).