IRON and STEEL
Customs
Iran’s exports of steel and cast iron to China reached $773 million during the first nine months of the current Iranian calendar year (March 21- December 20 2020-), according to Iran’s Customs Administration (IRICA).
IRICA reported that the country exported 773 million dollars worth of steel and cast iron in nine months (ended December 20, 2020).
The report added that these exports made up 15% of Iran's total exports to China.
In relevant remarks early October, Iran's Deputy Minister of Industry, Mine and Trade Hamid Zadboum announced that the country has exported $13.5bln worth of products to foreign states in the first half of the current Iranian year (started on March 21).
Iran has traded 134 million tons of non-oil commodities worth $65.5 billion in the first 11 months of the current Iranian calendar year (March 20, 2020-February 18, 2021), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
An Iranian economic official said on Friday that due to its strategic position and the projects currently underway, Chabahar port will become a hub of steel and petrochemical industry in the country.
While Iran is fighting the U.S. severe sanctions on its economy, and the country’s different industrial and economic sectors have been affected by the limitations and difficulties caused by the sanctions condition, the country’s mining sector is moving forward noticeably, overcoming such barriers.
Vale has paid $6 million for a minority stake in the Boston Electrometallurgical Company (Boston Metal) as part of efforts to produce steel without carbon emissions, according to a statement on Tuesday.
The director-general of the customs department of Kerman Province, in the southeast of Iran, said that 340,000 tons of commodities valued at $819 million have been exported from the province during the first ten months of the current Iranian calendar year (March 20, 2020-January 19, 2021).
Head of Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mir-Ashrafi said domestically-made X-ray monitoring machines are going to save IRICA and the country €70 million, IRNA reported.