Iranian Steel Exports in 7 Months Hit 4 Million Tonne Mark

Image Source: eghtesadonline.com

Exports of steel by ten major producers in Iran hit 4.049 million tonnes in the first seven months of the current Iranian calendar year ie during March 21-October 22, up 8% YoY. Esfahan’s Mobarakeh Steel Company exported 885,397 tonnes of steel, showing a 23% increase as compared to the same period last year.

Iran’s deputy industry, mining and trade minister Mr Jafar Sarqini said “Industry ministry is planning to increase the exports of steel products to 12 million tonnes by the end of the current year till March 19, 2020. The value of the exports is expected to reach USD 9 billion by the yearend.”

Source : Strategic Research Institute, SteelGuru