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Iran exported 9 million tonnes of iron and steel last year

Iran exported nine million tons of steel and iron in the year to March 2018. Mohammad Azad head of Tehran Iron and Steel Union told IRIB that Iran’s iron and steel is valued at between USD 500 and USD 540 per kilogram in international markets. He said Iran exports between 40 and 45 percent of its total iron and steel output to neighboring countries.

The official pointed out that there is a major demand for Iran’s steel and iron due to their high quality and they could become the second top exports after oil in generating revenues.

Last month, Chairman of Iranian Steel Producers’ Association Mr Mahmoud Eslamian said Iran planned to produce 24 million tonnes of raw steel in the year to March 2019. Mr Eslamian said Iran produced 21.8 million tonnes of crude steel in the year to March 2017.

The official noted that Iran’s annual steel production capacity is currently 32 million tons and the figure is expected to stand at 55 million tonnes by 2025.
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