(Minews) - Managing Director of Iran's Mobarakeh Steel Company Bahram Sobhani said European customers prefer his company's steel products to Chinese and Russian products even if they need to pay a higher price.
"The consumers of Mobarakeh steel products prefer this company's products to Chinese and Russian products and they are ready to pay even higher prices while the company has sold out all its products," Sobhani said on Tuesday.
He noted that over 3,500 companies render services to Mobarakeh Steel Company and over 1,000 companies directly purchase the products of Mobarakeh.
Sobhani underlined that the products of Mobarakeh Steel Company has a special status among foreign customers and businessmen.
In February, the World Steel Association (WSA) announced that Iran produced nearly 1.4 million tons of raw steel in January showing 19.7 percent of growth in comparison with the same period last year.
The WSA said last month that Iran was the biggest steel producer in the Middle East in 2014.
Iran's steel production in 2014 increased by 5.9 percent compared with the same period in 2013, and reached 16.331 million tons, the report said.
Iran also ranked the 14th among major steel producing countries in the world.
According to the WSA report, the world’s top 10 steel producers in November included China (63.3mln tons), Japan (9.175mln tons), the US (7.2mln tons), India (6.89mln tons), South Korea (5.911mln tons), Russia (5.84mln tons), Germany (3.59mln tons), Turkey (2.79mln tons), Brazil (2.77mln tons) and Taiwan (1.9mln tons).
