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FinancialNews


  • 14-11-20

    Iran posts 4-percent-increase in steel production since Mrach

    (MENAFN) Within the first seven months of the current Iranian calendar year (20 March to 21 October), manufacturing of steel products in Iran managed to reach more than 8,439 million tons, which was four percentage points higher than the figure for the same period of time in the previous year.

    Throughout the seventh month of this year, production of the products mentioned also increased by nine percent than that of the prior year.

    In the seventh month of the current year, some 1.173 million tons of steel products were manufactured.

    Since late September 2019, Iran has levied a 25 per cent duty on exports of raw minerals (especially iron ore) in an effort to prevent exports of unprocessed minerals, create more added value and meet the requirements of domestic producers of raw materials.

    MENAFN14112020000045011136ID1101124846

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