Iran Steel Exports Exceed 10m Tons Despite Sanctions
IRAN NEWS ECONOMIC DESK
TEHRAN – Head of Industrial Development and Renovation Organization of Iran (IDRO) says Iran has managed to export more than 10m tons of steel despite maximum sanctions.
Addressing the Iran Mine and Steel Conference in Tehran, Khodadad Gharibpour pointed to five stages of sanctions on steel industry which have been imposed by the U.S., adding that the sanctions on steel and minerals sectors were aimed at stopping Iran’s exports but they failed and despite their efforts, Iran’s steel exports have faced boom.
He went on to say that despite sanctions, it is expected that Iran’s steel exports would reach 4 to 5 billion dollars.
Gharibpour noted that this amount of exports shows that enemies have targeted Iran’s strong points because about 4 million people are involved in this industry and according to the 2025 Outlook Document it is expected the country to export 20m tons of steel ,and 25m tons of steel will be produced for domestic consumption.
He added that according to the assessments, steel industry is on the right track and this year the production capacity for steel will reach between 37 to 39 million tons and steel production will exceed 26m tons by the end of this year.
Gharibpour went on to say that the value of steel market capita is over 1.6 trillion tomans, adding that the value of shares of those companies listed in the stock market is over 280,000b tomans, admitting that the value of the sanctioned companies is over 1,000b dollars.
He also called for easing the ground for exports of steel products, noting that in case the ground is paved, the steel exports would increase significantly.
Meanwhile head of the conference Bahram Shakouri said that the normal steel consumption per capita is 240 kilograms in the world while the figure is 266 kilograms for Iran.
He also urged the ministry of industry, mine and trade to stay away from pricing in order that the private sector does its job based on the private sector policies.
He reiterated that if the steel chain management acts properly, the production capacity could reach 55m tons and the 2025 Outlook Document’s target will be materialized.
Shakouri also called for transfer of steel exports capacities to the shores as the country is struggling with the water shortage.
