Steel Output to Hit 55mn Tonnes by 2021

Date: 21 October 2020 - 21:47

News ID: ۸۴۰۹۵

TEHRAN (Dispatches) - Deputy Minister of Industry, Mine and Trade Saeed Zarandi has said that Iran is planning to produce 55 million tonnes of crude steel by 2021.
"Given the domestic demand in this sector, the export of 14 million tonnes of steel has been predicted in this period,” Zarandi said.
"The Ministry has drawn up a comprehensive program to produce 55 million tonnes of crude steel in 2021 Outlook Plan in cooperation with steel manufacturers of the country,” he added.
"Regarding the shortage of iron ore, explorations of new mines are underway,” the official went on to say.
In late September, former caretaker of Iran’s Ministry of Industry, Mine and Trade Jafar Sarqeini announced 8% growth in the country’s production of steel in the first five months of the current Iranian year (March 20 to August 21).
"We have had a 6.3% growth in production of petrochemicals, 42.5% in home appliances, 50% in aluminum, 8% in steel, 15% in cement and 18.5 in vehicles in the first five months of the current year,” Sarqeini said on September 26.