Thai Ministry of Industry Archives - Iran News Daily https://irannewsdaily.com/tag/thai-ministry-of-industry/ Sun, 26 May 2019 11:28:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.4 https://irannewsdaily.com/wp-content/uploads/2020/04/cropped-iranlogo-32x32.png Thai Ministry of Industry Archives - Iran News Daily https://irannewsdaily.com/tag/thai-ministry-of-industry/ 32 32 Steel ingot production volume exceeds 1.7mn tons in 1st month https://irannewsdaily.com/2019/05/steel-ingot-production-volume-exceeds-1-7mn-tons-in-1st-month/ https://irannewsdaily.com/2019/05/steel-ingot-production-volume-exceeds-1-7mn-tons-in-1st-month/#respond Sun, 26 May 2019 12:02:28 +0000 https://irannewsdaily.com/?p=93772 Performance of leading mining and mineral industries in the same period showed more than 1,757 million tons of steel ingot was produced in 10 steel manufacturing companies in the nationwide. Hormozgan and Saba steel production companies accounted for 50 percent of total steel ingot production share in the same period. Statistics of Iranian Steel Producers […]

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]]> Performance of leading mining and mineral industries in the same period showed more than 1,757 million tons of steel ingot was produced in 10 steel manufacturing companies in the nationwide.

Hormozgan and Saba steel production companies accounted for 50 percent of total steel ingot production share in the same period.

Statistics of Iranian Steel Producers Association (ISPA) put exports volume of steel products in 12 months of the last year at 2,987,000 tons, showing a considerable 84 percent growth as compared to the same period of last year.

According to the statistics of the Ministry of Industry, Mine and Trade, steel production capacity of the country hit 35 million tons. It is predicted that steel production capacity of the country will hit 55 million tons in 2025 Outlook Plan. Under such circumstances, at least 20 million tons of which will be exported.

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]]> https://irannewsdaily.com/2019/05/steel-ingot-production-volume-exceeds-1-7mn-tons-in-1st-month/feed/ 0 $625mn worth of FDI approved in mineral, industrial sector in seven months https://irannewsdaily.com/2019/01/625mn-worth-of-fdi-approved-in-mineral-industrial-sector-in-seven-months/ https://irannewsdaily.com/2019/01/625mn-worth-of-fdi-approved-in-mineral-industrial-sector-in-seven-months/#respond Tue, 01 Jan 2019 13:30:33 +0000 https://irannewsdaily.com/?p=46030  Statistics of the Ministry of Industry, Mine and Trade show that $625 million worth of Foreign Direct Investment (FDI) has been approved in mineral and industrial sector since the beginning of the current year up to the end of Iranian month of Mehr (March 21 – Oct. 22). This huge volume of investment is related […]

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 Statistics of the Ministry of Industry, Mine and Trade show that $625 million worth of Foreign Direct Investment (FDI) has been approved in mineral and industrial sector since the beginning of the current year up to the end of Iranian month of Mehr (March 21 – Oct. 22).

This huge volume of investment is related to 43 minerals, industrial and trade projects that has been approved in the Foreign Investment Board of the ministry in the same period.

The aforementioned projects indicate 13.2 percent hike as compared to the last year’s corresponding period but they have faced a significant 66.1 percent decline in terms of total volume of foreign investment.

The ministry put the total value of FDI approved in seven months of the current year (March 21 – Oct. 22) at $1.844 billion.

It should be noted that countries including the Netherlands, Austria, India, Afghanistan, Turkey, Singapore, UK, France, Poland, China, Germany, Switzerland, Bahrain, Italy, UAE, Iraq, Taiwan, Kazakhstan and Republic of Azerbaijan have embarked on investing in Iran in this period.

World Bank (WB) put Iran’s economic growth rate in 2017 at 3.8 percent. In addition, the bank predicted that Iran’s economic growth will experience a significant decline due to high inflation rate, exchange rate fluctuation and reimposition of US sanctions against Iran.

According to WB experts, economic growth of the country will witness a significant growth in 2020.

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