Second national festival of Iranian steel (NISF) launched on Monday at the Milad tower in Tehran and will run until Thursday. In the opening ceremony of the industrial exhibition was attended by a number of deputies from the Ministry of metallurgical, mining and trade of Iran.
On NISF more than 130 Iranian manufacturers and suppliers will demonstrate their products, services and technologies. Special attention the government will pay research companies and start-UPS.
the Minister of industry and trade of Iran Reza Rahmani during the opening ceremony of the festival said that the country had made "adequate autonomy" in the steel industry. He confirmed the government's plans to increase steel production in the country to 45 million tons per year until 2022.
by 2025 Iran plans to reach a total annual output of steel production to 55 million tons.
on Friday last week, the President of the United States Donald trump introduced advanced economic sanctions in the metals industry in Iran for the attack on the United States military facilities in Iraq.
"New US sanctions against metallurgical industry of Iran are symbolic and largely duplicate those that existed before .... After the American sanctions, the value of the shares of steel companies fell," - said General Director of the Tehran stock exchange (TSE) Hassan Qalibaf-ALSA.
New US sanctions against steel companies of Iran will not have a significant impact on the global steel industry, experts say Morgan Stanley. According to experts, the sanctions will have limited impact on world markets, because Iran, in total, accounts for about 1% of the global total supplies of metals.
