Natanz Steel Mill Exports Doubled in 9 Months

The volume of steel products exported from Natanz Steel Mill in the first 3 quarters of the current Iranian year (started on March 21, 2018) has surged by 100%, compared with the corresponding period last year.

“Despite the reinstatement of US’ unilateral sanctions against Iran, the Natanz Steel Company experienced a 100% increase in exporting steel products to foreign countries during the first 9 months of the current Iranian year along with meeting the needs of domestic market,” Javad Tavakkoli Torqi said.

“Some of Natanz Steel products have exported to Iraq, Syria, Lebanon and the Persian Gulf states,” he added.

Last Saturday, the World Steel Association (WSA) announced that Iran considerably increased the production of its crude steel in the first 11 months of 2018, registering more than 17 percent growth as compared with last year's corresponding period.

"Iran produced 22.59 million tons of crude steel in the first 11 months of 2018, indicating a growth of 17.3 percent compared with the figure for the same period in 2017, which was 19.256 million tons," the report added.

WSA, meantime, reported that China topped the list of crude steel producers in the same period with 857.372 million tons.

India, Japan and the United States with 96.92 million tons, 95.86 million tons and 79.156 million tons, respectively ranked second, third and fourth, it said.

According to Iran's Vision Plan, total steel production capacity will hit 55 million tons a year by 2025, with an expected exports figure of 10-15 million tons.

source: FARS News Agency