IMIDRO: Mining Exports Up 5%

Date: 25 December 2019 - 22:13

News ID: ۷۴۳۶۱

TEHRAN (Dispatches) - The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the mining industrial sector made up more than one fifth of country’s total export share in the last local calendar year (March21, 2018- March 20, 2019), 5% higher than the preceding year.
According to IMIDRO, mining sector accounted for 16 percent of total exports share in the local calendar year of 1396 (March21, 2017- March 20, 2018), the rate of which hit 21 percent in the last year (ended March 20, 2019).
More than $9.2 billion worth of mineral products was exported from the country in the last year, the report added.
Last Thursday, Iran’s ministry of industry issued a report showing that production of crude steel, including blooms, billets, and slabs, had increased by five percent in the eight-month period ending on November 21 to reach a total of 17.424 million tons.
The report said that mills across Iran had produced 13.556 million tons of various steel products, including bars, rods, profiles, sheets and plates, an increase of seven percent compared to the March-November period in 2018, when output stood at 12.635 million tons.