Iranian steel output growth above world average.
Iran's output growth rate during the mentioned period was more than the average output figures of the world's main producer countries such as China, India, USA, France, Germany, Italy, Spain, Russia, Ukraine, Canada, Mexico, Brazil, Japan and England. Mehdi Ghazanfari commerce Minister of Iran said that Iran will become one of the world's main steel exporters by March 2016. Iran plans to reach the production capacity of 42 million tons per year by the end of the Fifth Five Year Socio Economic Development Plan.
Ghazanfari said that the nation's steel
production capacity is currently 19 million tons annually. There are 106 industrial and mineral projects, worth some USD 29 billion underway in different cities of the country which will be gradually inaugurated by the end of the fifth 5 year development plan.
Ghazanfari went on to note that 16 of these 106 projects worth some USD 2 billion will come on stream by the end of the current Iranian calendar year (March 20th 2012).
Saudi Economic Survey. All rights reserved.
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|Publication:||Saudi Economic Survey|
|Date:||Jun 29, 2011|
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