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Preserving Production Is Priority Of Iran’s Steel Sector

Steel News - Published on Tue, 25 Jun 2019

Image Source: Tehran Times
Tehran Times reported that preserving production is the priority in steel sector of the country, ILNA quoted Iranian Deputy Industry, Mining and Trade Minister for Mining Affairs Jafar Sargini as saying. Referring to the problems created by the sanctions, the official said that under the sanction condition the steel producers prefer to use the foreign currency for continuing their production process; therefore, implementation of development projects comes in the second place.

He although said that Iran’s annual steel production is planned to reach 45 million tons by the Iranian calendar year 1400 (March 2021-March 2022).

Referring to the sanctions, Mr Sarqini noted that “All those who have imposed sanctions against Iran aim to destroy he country’s production capabilities; therefore, the Ministry of Industry, Mining and Trade prefer that the steel producers focus first on production and in this due development projects with the physical progress of over 70 percent will also help achieve this target.”

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Posted By : Ratan Singh on Tue, 25 Jun 2019
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