Iran's total steel exports surge by %23 year-on-year in November: Report

Sunday, January 12, 2020 12:00 PM 1078 views

The official IRNA agency cited statistics provided by Iran’s customs office as saying that total steel exports from Iran between March 20 and November 21 last year had reached 7.8 million tons, an increase of 23.5 percent compared to the similar period in 2018.

The report said the average income gained for each ton of various steel products exported to other countries was $385 .

That comes as Iran exported nearly 9.5 million tons of steel products in both 2017 and 2018. Authorities hope they could exceed the 10-million export target in 2020.

Iran’s current steel output capacity is around 36 million tons a year while actual production has neared around 24 million tons, according to government estimates and international reports.

Source: https://www.presstv.com

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