Iran Produces 60% Of Raw Steel In The Region

Tehran, May 20, IRNA – An Iranian official announced here Monday Iran produces some 60 percent of raw steel in the Middle East. Speaking to IRNA, managing director of Mobarake Steel Company said Iran ranks 15 in term of producing steel products across the globe. Mohammad Masoud Samiˈinejad said Iran has experienced a stable trend in steel imports share in the region in recent years, adding the per capita consumption of raw steel production, including the imports and exports, was 316 kg in 2011. Iran is considered as an attractive country for exporters of steel products across the globe, he said, noting investors would enjoy huge benefit in making investment in steel industry in the country./end