Iran Records 18% Industrial, Mining Growth in H1

Iran's industrial and mining sector experienced 18% growth in the first six months of the current Iranian year (started March 21) compared with the preceding year's corresponding period, says Industries, Mining and Trade Minister Reza Rahmani.

Addressing the inaugural ceremony of a copper concentrate production plant in northwest Iran, Rahmani explained that the production of crude steel, finished steel, cement and glass saw a respective growth of 6.5%, 9.1%, 6% and 13% during the same period under review, IRNA reported.

The minister's comments come as top officials speak of economic recovery these days, as the detrimental effects of US sanctions against Iran are said to be dying down.

"Macroeconomic indicators suggest improvement. Reports from every single enterprise confirm this issue," said First Vice President Es’haq Jahangiri recently.

source: Financial Tribune