TEHRAN, Iran, May.19
Trend:
Iran has exported 6.5 million tons of steel in the last Iranian year (started March 20, 2020) and the industry requires more supports, said the Minister of Industries, Mine, and Trade.
It is expected that steel production reaches 55 million tons by 2025, Iran ranks 10th in steel production among 196 countries in the world, said Alireza Razmhosseini, Trend reports citing IRNA.
The price of steel ingot in Iran Mercantile Exchange is 24 percent lower than global prices while the price of rebar had a 17 percent decline but due to shortage of steel sheet, the prices are high.
"The increase of steel price affected by global prices, 40 percent increase of wages, as well as gas price tripling for the steel industry and transportation costs have grown.
"A plan is being prepared for the whole steel chain to set rational prices for small shareholders and the exchange. By bartering steel and petrochemical products during past two years we had imported basic material and necessary equipment for production," he noted.
"There should be agreement over the price of steel with the parliament to avoid harming steel production and export. Steel companies are participating in Iran Mercantile Exchange where 50 million people are active in the exchange so there should be caution over the people's right and avoid hurting exchange," Razmhosseini added.
Iran has imported $38 billion worth of goods in the last Iranian year that $13 billion were necessary commodities and $25 billion were basic material for factories and medical equipment. Iran continues to prevent the import of unessential and luxury commodities in the current Iranian year and increase domestic production.