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Iran Ups Steel Exports by 19 Percent Iran Ups Steel Exports by 19 Percent  (Visit Count : 3414)
Exports value of Iran's raw steel has witnessed a 19% increase during the first two months of the current Iranian year (started on March 21), official reports said on Sunday.
According to a statement issued by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on Sunday, Iran has exported 138,776 tons of raw steel ($81,481,000) that shows a 19% increase in terms of value.

Mobarakeh Steel Company had a 55.8% share in Iran's total exports, Khuzestan's Steel Company 35.2%, Isfahan Steel company 5% and Iran's National Steel Company contributed a 4% share, the statement added.

Meantime, the total volume of steel production in the country has reached 1.993 mln tons during the first two months of the current Iranian year, showing a 6% increase compared with the same period last year.

Earlier last year, Iran's former First Vice-President Parviz Davoudi had announced the country's plans for achieving self-sufficiency in steel production, saying that Iran intended to become the world's fourth steel producer in the near future.

Davoudi said that Iran currently needs 17mln tons of raw steel and 24mln tons of steel products, and added that the country's needs to raw steel would be supplied domestically following the launch of operation by the Orumiyeh Steel Plant in northwestern Iran.

"Orumiyeh Steel Plant can produce 17.6mln tons of the 45mln tons of steel which must be produced by the Iranian steel industries in accordance with the Fifth Five-Year Development Plan (2010-2015)," he said.

Date: 10/28/2012
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