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FinancialNews
15-03-20
Iran's steel companies produce over 18.5 million tons of steel ingots
(MENAFN) According to a report by IRNA, during the 11-month period from March 21, 2019 to February 19, 2020, Iran's major steel firms produced more than 18.5 million tons of steel ingots making a 4-percent expansion in comparison with the same period in the earlier year.
As said in the report, these producers' output although dropped 3 percent to 1.493 million tons during the 11th Iranian calendar month of Bahman.
Iran has defined 16 development projects in the steel sector which are expected to improve Iran's output of steel products by 17.3 million tons in a course of 5 years.
These projects are for constructing production units each with the capacity of 600,000 tons.
MENAFN1503202000450000ID1099855855
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