Tehran Times reported that Iran produced 11.2 million tonnes of steel ingots during the first nine months of the current Iranian calendar year, showing 8.3% rise YoY.
According to the report, the volume of manufactured steel products exceeded 13 million tonnes during the 9 month period. Iran exported over USD 390 million worth of steel products in the first eight months of the current Iranian calendar year, showing 12% rise compared to the same period in the previous year.
However, exports of steel ingots fell by 79% in value and 82% in weight YoY.
Mr Mehdi Ghazanfari, Industry, Mine, and Trade Minister, said that Iran will become one of the world's main steel exporters by March 2016. He added that despite global economic sanctions, the country's steel output increased by 5 million tonnes during the past two years, reaching 17 million tonnes.
Source:
http://www.steelguru.com/middle_east_news/Iranian_steel_ingot_output_rises_83pct_YoY/296852.html
