Iran's annual crude steel output rises 9pct - WSA
According to the World Steel Association, Iran’s crude steel output rose 9% in the past Iranian calendar year 1392, which ended on March 20th 2014 compared to the year before.
Iran produced 15.64 million tonnes of crude steel last year. Iran’s crude steel production reached 14.89 million tonnes in the Iranian calendar year which ended in March 2013.
According to officials, the output is projected to increase to 55 million tonnes by the end of the Fifth Five Year Development Plan (2015). Iran was the biggest producer of crude steel in the Middle East in 2013.
World crude steel production in 2013 amounted to 1.607 billion tonnes, an increase of 3.5% compared to 2012. China, Japan and the US were the three biggest crude steel producers in 2013 with 779 million tonnes, 110 million tonnes and 87 million tonnes of output, respectively.
On January 5, Mr Mohammad Jafar Sarqini deputy industry minister Iran said that Iran has liberalized exports of steel products until the end of spring in a bid to give an incentive to domestic producers.
Mr Sarqini said that exports of steel products and ingots will be unlimitedly free till the end of Khordad month (June 21).
Publish date : Thursday 24 April 2014 01:34
Story Code: 7092