Iran targets 50% rise in steel output by March 2009

Sunday, 23 Nov 2008

MNA reported that the completion of Iran’s steel projects by the end of the current Iranian calendar year beginning March 20th 2008 will give a 50% rise in its steel production capacity.

The report quoted Mr Ali Akbar Mehrabian, minister of industries and mines of Iran as saying that it plans to create a headquarters in the ministry in a bid to support the steel industry and help reach the target of 15 million tonnes of annual steel production.

He also remarked that the industry and mines had respectively 10.8% and 17.7% increases in the last Iranian year adding that the ministry seeks to optimize production and to create a more competitive environment.