Share of mining products in Iran's non-oil exports reaches 33%
Iran, Tehran, Oct.14
The share of mining products in non-oil exports from Iran rose to 33 percent in the first five months of this Iranian year (began March 21, 2019) compared to 20 percent in the same period last year, Deputy Minister of Industry, Mining and Trade said.
“Last year, over 25 million tonnes of raw steel were produced. This year, we plan to produce at least 40 million tonnes,” Khodadad Gharibpou said at the 6th International SteelPrice Conference held in Tehran, Trend reports citing IRNA.
In his words, the steel's total exports will reach 11 million tonnes this year.
"According to the Sixth five-year development plan, it was expected that the raw steel production will reach 40 million tonnes in 2021, but we will achieve this figure sooner,” the deputy minister said.
The deputy minister added that it is planned to produce 120 million tonnes of iron ore in 2024. “Iron ore is a strategic mineral,” Gharibpou said.
"Given that there is a surplus of concentrate in the copper sector, there is no need for applying export duties,” the deputy minister said.
Speaking about exploration, extraction and processing stages in the mining sector, Gharibpour said that exploration work plays a major role in supplying the raw materials needed by the country's manufacturing sector.
“In addition to the 220,000 square kilometers of previously identified exploration area, 400,000 square kilometers are now under exploration,” he added.