Iran crude steel export up 64%

Iran increased export of crude steel and steel products by 64% during the first half of the current Iranian year, according to a latest report. The Iranian steel companies exported about US$264.4 million worth of various steel products during the period, while the figure for the same months last year was US$161 million, reported IRNA quoting Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

During the period, around 658,000 tonnes of steel products were exported. Export of round bar and iron beam indicated growths of 188% and 140%, respectively during the period, the report added.According to the World Steel Association (WSA), Iran was the second leading steel producer in the Middle East in 2010 after Turkey.