Iran’s Steel Producing Capacity Grows: CEO

Date: 01 August 2020 - 22:08

News ID: ۸۱۲۸۷

TEHRAN (Dispatches) – Chief Executive of Kaveh Pars Mining Industries Development Holding Seyyed Mohammad Atabak on Saturday revealed the growth of steelmaking capacity in the Iran in the current year (started March 21, 2020).
Atabak said that 1.2 million tons of steel will be added to the current production capacity (35 million tons) of the country annually upon the operation of second phase of South Kaveh Steel Making Plant.
"The second phase of South Kaveh Kish Steel Making Plant became operational concurrent with the Eid al-Adha (Feat of Sacrifice) in the country on Friday”, he added.
This giant project became operational through taking advantage of expertise and technical knowhow of domestic engineers, Atabak emphasized.
According to the Ministry of Industry, Mine and Trade, planning is underway to achieve production of 55 million tons of steel in 2025 Outlook Plan, so that the production capacity of steel sector hit more than 35 million tons last year (ended March 20, 2020).
By complete operation of its production capacity up to 2.4 million tons of steel ingots per annum, South Kaveh Kish Steel Making Plant was turned into one of the largest producers and exporters of steel ingot in the country, he highlighted.
The Ministry of Industry put volume of steel ingots produced in the country last year (ended March 20, 2020) at 27.2 million tons, expandable to 30 million tons before the termination of the current year (to end March 20, 2021).