Iran crude steel output hits 3.8mln tons
Iranian steel smelters also produced 4.055 million tons of steel products in spring 2013. They produced 1.193 million tons of crude steel in the Iranian calendar month of Khordad (May 22-June 21) as well as 1.295 million tons of steel products during the month.
Iran plans to increase its steel output to more than 24 million tons by the end of the Iranian calendar year. The country’s crude steel production reached 14.89 million tons in the previous Iranian calendar year (ended March 20, 2013). On June 27, Iranian President Mahmoud Ahmadinejad inaugurated the Pasargad Steel Mill in the southern province of Fars.
According to its website, the Pasargad Steel Mill aims to produce high-quality steel products in line with the highest international standards. Iran plans to increase its annual steel output to 55 million tons by the end of the Fifth Five-Year Development Plan (March 2010-March 2015). Iran is reportedly the biggest steel producer in the Middle East and North Africa.
The country’s main steel mills are located in Isfahan and Khuzestan provinces. Iran's major raw steel producers are the Mobarakeh Steel Mill, with approximately 47 percent of the market share, the Khuzestan Steel Company, with about 23 percent of the market share, the Isfahan Iron Smelting Complex, with a market share of 20 percent, and the Iran National Steel Industries Group, with approximately 10 percent of the market share. MP/HGL
- Why Egypt's upcoming economic summit can be a 'backbone' for growth
- The Syrian influx and the child labor problem in Jordan
- Time to face the fundemantals: GCC economies need fiscal reform to handle oil price volatility
- Contours of US-Iranian nuclear deal shaping up
- Perfect timing? France to ink controversial jet sale to Egypt as Cairo bombs IS