IRON and STEEL   Mining Machinery & Equipment  

Steel products output to reach 28m tons by March 2020

Iran’s steel products output is going to reach 28 million tons by the end of the current Iranian calendar year, IRNA reported, quoting deputy industry, mining and trade minister as saying on Thursday.

Speaking on the sidelines of the 15th International Exhibition for Mines, Construction Machinery and Related Industry and Equipment (Iran ConMin 2019), Jafar Sarqini put the country’s steel products output in the first half of the current calendar year (March, 21-September 22) at 13.2 million tons.

According to the official, in the mentioned time span, over six million tons of such products were exported to foreign destinations. 

“Industry ministry is planning to increase the exports of steel products to 12 million tons by the end of the year [calendar year which ends on March 19, 2020],” Sarqini said.

The value of the exports of such commodities is expected to reach $9 billion by yearend, the official added.

Back in August, the industry ministry released the data for steel production in the first four months of the current Iranian calendar year (March 21-July 22), which indicated that the production of such commodities increased by 11.6 percent from that of the same period of time in the past year.

According to the data, 7.204 million tons of such products were produced in the four-month period, rising from 6.453 million tons in the same time span of the previous year.

In a press conference on June 8, Iranian deputy industry, mining and trade minister said the ministry has taken necessary measures to maintain the country’s metal exports despite U.S. sanctions.

“We have established a special working group in the ministry which is closely assessing the situation and making necessary arrangements to mitigate the impact of U.S. sanctions,” Jafar Sarqini told the Tehran Times in the press conference.

The official noted that it is expected for the exports from the country’s mining sector to, at least, reach the last year’s $8.5 billion by the end of the current Iranian calendar year (March 2020).

Iran’s annual steel production is planned to reach 45 million tons by the Iranian calendar year 1400 (March 2021-March 2022), according to Sarqini.

News No: 7263
Date: 2019/11/01 - 22:57
News Source: Tehran Times

Iran ConMin 2019  U.S. sanctions  Industry ministry  Steel products 


Leave a Comment:


Acting banks to loan $3b to develop oil industry’s upstream sector

Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.

Iran expects to sell 1m bpd of oil at $50 next year

Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.

Iran indigenizes technology for 85% of oil industry equipment

Chairman of the Board of Directors of Iranian Association of Manufacturers of Oil Industry Equipment said nearly 85 percent of the country’s oil industry equipment are produced based on indigenized knowledge and technology, IRNA reported.

Tehran, Rome explore ways of boosting trade

Officials, businessmen and entrepreneurs from Iran and Italy gathered together in Milan on Friday to discuss ways of expanding economic cooperation, IRNA reported.

Tehran hosting 2 intl. exhibitions

The 15th International Exhibition for Mines, Construction Machinery and Related Industry and Equipment (Iran ConMin 2019) and the 19th Iran International Electricity Exhibition (IEE 2019) kicked off on Thursday at Tehran Permanent International Fairgrounds, IRNA reported.

TPO offers roadmap for promoting non-oil exports

Head of Iran’s Trade Promotion Organization (TPO) said a roadmap has been prepared for promoting the country’s non-oil exports to 15 neighboring countries, Tasnim news agency reported on Monday.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners