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29-06-20
Yearly steel bar production supposed to surpass 30 million tons
(MENAFN) IRIB accounted quoting Darioush Esmaili Deputy Industry, Mining, and Trade Minister that manufacture of steel bar in Iran is anticipated to go beyond 30 million tons in the present Iranian agenda year (ends on March 20, 2021).
On Saturday June 27 Esmaili stated speaking to the state TV that Iran is at the moment the world's 10th main steel manufacturer and the country is scheduling to increase to 8th place by the Iranian agenda year 1404 (starts in March 2025).
Darioush stated that the Industry Ministry has it on the agenda to boost the country's steel bar manufacture to 55 million tons by 2025, for which 160 million tons of iron ore is necessary yearly.
Darioush Esmaili stated that "Given the country's 2.8-billion-ton iron ore reserves, we need new explorations in this field, because when the annual steel ingot production capacity reaches 55 million tons, the present production levels of iron ore can only supply the industry for 12 to 13 years,".
MENAFN2906202000450000ID1100401280
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