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FinancialNews


  • 14-11-20

    Ten-percent annual rise seen in sponge steel output in Iran

    (MENAFN) During the first seven months of the current Iranian calendar year (March 20-October 21), sponge steel production in Iran expanded by 10 percent compared to the corresponding period in the past year.

    Over 2019's seven-month period, more than 18.12 million tons of sponge iron were manufactured.

    According to survey compiled by the Iranian Steel Producers Association (ISPA), Iran's sponge iron production increased by six percent to 27,907 million tons in the previous Iranian calendar year (ending on March 19), from 26,359 million tons in the previous year.

    Exports of sponge iron from the country have also increased 77 percent from a year earlier year.

    MENAFN14112020000045011136ID1101124853

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