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Iran needs over USD 25 billion to reach 55 million tonne annual steel output

Steel News - Published on Tue, 02 Jan 2018

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Iran’s Industry, Mining and Trade Minister Mohammad Shariatmadari said over USD 25.6 billion is needed to reach the country's 55 million tonne steel capacity envisaged in Iran’s 1404 (March 2025-March 2026) Outlook Plan.

Shata quoted Shariatmadari as saying that “USD 8.4 billion is needed for mining sector while EUR 14.5 billion (about USD 17.247 billion) is the estimated finance needed for the industry’s infrastructures.”

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Posted By : Rabi Wangkhem on Tue, 02 Jan 2018
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