Iran’s crude steel output rises 10.4%: WSA

TEHRAN,Dec.23(MNA) - Iran’s crude steel output rose by 10.4 percent in the first 11 months of 2012 compared to the same period in 2011. The output hit 1.22 million tons in November, showing 12 percent rise year on year. Iranian Deputy Industry Minister Vajihollah Jafari said on April 9 that the country’s annual crude steel output is projected to reach 55 million tons by 2025. “The output stood at 12.7 million tons last year,” he said, adding that Iran also had produced some 16 million tons of steel products. Iran will become one of the world’s main steel exporters by March 2016, Industry, Mine and Trade Minister Mehdi Ghazanfari said in May 2011. Iran will be a self-sufficient steel producer in the next three years, the vice chairman of the Association of Iranian Steel Producers Hamidreza Taherizadeh said on July 31. He told that despite global economic sanctions, the country’s steel output increased by 5 million tons during the past two years, reaching 17 million tons.