For the first nine months of the current Iranian calendar year (March 21 to December 22), Iran exported 5 209 258 tonnes of steel, showing 19 percent growth compared to the corresponding period last year. This is stated in the report of the Iranian group of the metals mining and metals Imidro.
In December, Iran shipped to the foreign market 485 611 tonnes of steel products, mostly produced four metallurgical plants of Iran Mobarake Esfahan Steel Company (EMSCO), Khuzestan Steel Company (KSC), Khorasan Steel Company, Saba Steel, Bonab Steel Company and Chadormalu), showing an increase of 91% compared to the same period last year.
during the reporting period, Iran had produced 15 398 370 tons of steel, up 4% compared to the corresponding period last year. It is expected that by the end of next Iranian year (March 20, 2021) amount of steel production in Iran will reach 43,6 million tons.
In 2018, the steel exports from Iran increased 24% to 9.2 million tonnes. The value of the Iranian steel exports in 2018 increased by 53% to $ 4.2 billion.
"as a result of the devaluation of the Iranian currency, mainly caused by secondary US sanctions - the Iranian power plants is currently very competitive, and almost all exported goods were sold within the next two or three months", - told in the S & P Global Platts.
the world steel Association said in its report in December that Iran was ahead of other steel producers in the world in industrial production growth in 2019, adding that steel production in the country increased by 5.3 percent, almost twice the global growth sector.
Iran seeks to become the seventh largest steel producer in the world by 2025, with plans to reach a total annual output of steel production to 55 million tons.
Previously coalsalesthat President Donald trump introduced advanced economic sanctions against metallurgical industry in Iran in an attempt to punish the country for a rocket attack earlier this week on two US military bases in Iraq.
