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FinancialNews


  • 14-11-19

    Iran's steel producers rise exports by 8 percent in seven months

    (MENAFN) 10 major Iranian steel producers increased their exports by eight percent to reach 4,049,874 tons during March 21-October 22, 2019.

    According to IRNA, the companies include Esfahan Steel Company, Mobarakeh Steel Company, Khuzestan Steel Company, Hormuzgan Steel Company, Iran Alloy Steel Company, Khorasan Steel Company, South Kaveh Steel Company, Saba Steel, Bonab Steel Mill Complex, and Chadormalu Mining and Industrial Company.

    Khuzestan Steel Company topped the list of Iran"s total exports in this period, by selling 1,083,674 tons of the products in foreign markets, showing a 26.7 percent decrease compared to the figure for the same period last year.

    The Iranian Ministry of Industry, Mine and Trade has set a steel production target of 40 million tons for the year to March 2020, of which 12 million tons are expected to be exported.

    MENAFN1411201900450000ID1099271899

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