Group Steel
Iranian steel company's exports more than double
(Minews) - Iran's Khouzestan Steel Company (KSC) has exported over 450 thousand tons of steel ingots in the first four months of the current Iranian calendar year (started on March 21), indicating a growth of 215 percent compared with the same period last year, an official said.

A report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) quoted KSC Chief Abdol-Majid Sharifi as saying that 450,600 tons of steel ingots were exported to a number of regional countries.

"In the four-month period, the company's products were sent through Imam Khomeini Port to the target markets of Bangladesh, Abu Dhabi, Pakistan, Turkey, Thailand, Oman, Egypt, Sudan, and other regional clients," Sharifi added.

He further noted that the company has produced 1,160,000 tons of steel during the period, which is 5 percent more compared with the output in the same period last year.

Iran produced 1.4 million tons of crude steel in June 2015, up by 1.5 percent compared with June 2014, superseding France as the 13th largest steel producer in the World Steel Association's crude steel production report of 65 countries.

According to the report, Iran's steel production output in the first six months of 2015 has increased by 4.5 percent from 8.015 million tons in the corresponding period last year.
Publish date : Wednesday 5 August 2015 16:41
Story Code: 26595