Steel chain exports earn Iran $ 3.2bn: IMIDRO

IRNA- The head of the Board of Directors at Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) announced that in the first eight months of Iranian current year (started on March 21) exports of steel chain earned the country $ 3.2 billion.

Khodadad Gharibpour said at the first Iranian National Steel Festival and International Exhibition on Monday that with steel industry personnel’s endeavor, the 33 million ton steel production target was met.

According to Iran’s 20-year vision plan of 1404, hitting the target of 55 million ton crude steel production is accessible and about 15 to 20 million tons out of the figure is expected to be exported.

He said today the Islamic Republic has the knowledge and license required for production of steel chain and has the ability to set up the process and implement it in this chain.

During the first eight months of this year (leading to November), up to 16,640,000 tons of steel was produced, showing 18% growth was observed in the production compared to the figure in the same period last year.

Last year, 14,169,000 tons of crude steel were produced in the eight month period.