Iran Self-sufficient In Steel Production As Of Next Iranian Year – Deputy Min.

Tehran, Sept 15, IRNA – Deputy Industries, Mines, and Trade Minister in Planning Affairs Seyyed Reza Fatemi-Amin said here Friday Iran's annual steel demand is some 7mn tons, which would be fully produced inside Iran as of next year. According to IRNA Economic Desk reporter, Fatemi-Amin who was speaking with his affiliated ministry's information website added, 'We predict that keeping in mind the underway projects by IMIDRO Company (Iranian Mines and Mining Industry Development Co.) and the steel production by the Iranian private sector, as of next year the entire demand of the country to steel of Iran would be produced locally.' Pointing out that steel is a product that is considered an index of development both in its production and in its consumption stages, the deputy minister said, 'Regarding this index product, in (Iranian) months of Mordad and Shahrivar (July 22nd to September 22nd) we have had increased production, which shows the industries that used this product as their raw material have been active and furthermore, that there is demand for more production.' Fatemi-Amin who was speaking at a ministry managers meeting aimed at surveying the latest status of the country in production, also said, 'Vehicle production of the country would return back to normal.' Speaking on the sidelines of the said meeting, he added, 'Considering the strategy adopted by the country's vehicle manufacturers, it is predicted that the current decreased production trend would come to its end and in (Iranian) months of Mehr and Aban (September 22nd to November 21st) manufacturing of vehicles in the country would turn back to normal.'/end