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Iran’s steel production increases

Business Materials 7 October 2022 17:36 (UTC +04:00)

TEHRAN, Iran, October 7. Iran’s steel production has increased in the first five months of the current Iranian year (started March 21,2022), said chairman of Iran Steel Producers Association Rasoul Khalifeh Soltan, Trend reports citing IRNA.

Iran ‘s crude steel production had a 9.9-percent increase and production of steel products had a 8-percent growth, he pointed out.

He underlined that despite power outage, good energy management has led to less decline in production.

"Production of steel and steel products is increasing in the current year and would continue to rise in the coming year," he said, adding that the country can export its surplus production.

Finding new markets for export is one of the important challenges in the steel industry and the government is supporting exporters, he noted.

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