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FinancialNews
13-07-20
Iran's ISPA posts 12-percent jump in sponge iron production in 2020's Q1
(MENAFN) The first three-month period of the ongoing Iranian calendar year (March 20-June 20) witnessed a rise by 12 percent in the manufacturing of sponge iron, as compared to the same period of 2019.
Iran has produced at least 8.213 tons of sponge iron during the first half of the current year, according to a report issued by IRNA news agency.
Compared to the third Iranian calendar month Khordad (May 21-June 20) of 2019, the Sponge iron production has also seen a 16-percent rise to 661,466 tons in the same period this year.
Based on the most recent figures compiled by Iranian Steel Producers Association (ISPA), the country"s output of sponge iron has climbed six percent to 27.907 million tons in the past Iranian calendar year (ended on March 19), from 26.359 million tons in its preceding year.
MENAFN1307202000450000ID1100473258
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