Iran steel exports up by 21 percent

Iran has produced 10 million tonnes of steel ingot in the first eight months of 2012, which is 9.6% more than previous year. Iranian Industries, Mines and Trade Minister Mehdi Qazanfari said on October 28, 2012 that Iran will soon become a steel ingots exporter after several steel projects which are currently under construction launch operation, Fars reported.

“Iran will become a steel ingots exporter in future,” Qazanfari said at the inauguration ceremony of industrial and development projects in Bandar Abbas in Southern Hormozgan province.

He noted that the production capacity in the field of industries and mines has hit six million tons in the last few months. Qazanfari said that Iran ranks 17th in the world in terms of steel production. The Iranian minister said that the country’s steel production capacity is 20 million tonnes at present.

Iran is among the 15 major mineral-rich countries and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India and Afghanistan. According to a recent report by the World Steel Association, Iran produced 13 million tons of steel in 2011 and an eye-catching growth is expected in Iran’s steel production this year. Meantime, the report said that Iran was the 16th steel producer in the world in September with a production of 1.09 million tonnes.