Government Plans To Increase Steel Output To 55mn Tonnes

News: The Iranian government is planning to increase its annual steel output to 55mn tonnes by the end of its Fifth Five-Year Development Plan in 2015. Iran's crude steel production increased by 6% year-on-year (y-o-y) to 14.07mn tonnes in January-November 2013, according to a World Steel Association press release. Additionally, the country's crude steel output increased by 12.5% y-o-y to 1.38mn in November 2013. The government has also lifted restrictions on exports of steel products till June 21 2013, with an aim of encouraging and supporting domestic producers.

This article is tagged to:
Sector: Metals
Geography: Iran

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