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Iran aims for annual steel exports of 20-25 million tonnes by 2025

Steel News - Published on Fri, 17 Feb 2017

Image Source: The Iran Project
Reuters reported that Iran aims to export 20 to 25 million tonnes of steel annually by 2025, up from a previous goal of 10 million tonnes. The Iranian Mines and Mining Industries Development and Renovation Organisation in the statement published on its website, quoted a member of the Expediency Discernment Council a body that mediates between Iran's parliament and the Guardian Council as saying Iran foresaw exports of 20-25 million tonnes of steel by 2025.

That compares with an export goal of 10 million tonnes outlined by Tehran before the nuclear deal. An overall target of 55 million tonnes per year for total Iranian steel production was unchanged in Wednesday's statement, which followed a two-day steel conference in Tehran.

The global steel market is around 1.6 billion tonnes and analysts say there is little need for more capacity given global oversupply for the foreseeable future.

Iran said that its current production is around 1 percent of the world total or 16 million tonnes.

Source :

Posted By : Rabi Wangkhem on Fri, 17 Feb 2017
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