Iran Sees More Steel Production In Its Future
08/05/2015 - Iran is looking to double its steel production over the next 10 years, Mehdi Karbasian, deputy minister of Iran’s Ministry of Industries, Mines & Trade, told BloombergBusiness in an interview.
Karbasian told Bloomberg that his country is planning to increase steel production to 55 million metric tons by 2025, pending new investments following the lifting of international sanctions. Iran is to produce around 22 million metric tons this year, he said.
“The projected capacity will help us to raise our steel exports by around 12 million tons a year,” he said. Last year, Iran exported 2.5 million tons of steel products to Italy, the United Arab Emirates, Iraq, Thailand, Spain and Britain, he said, according to Bloomberg.
Karbasian told Bloomberg that German, French and Dutch delegations have visited Iran recently and that the country has had "extensive negotiations" with them on steel and mining investments.
He told Bloomberg that discusssions also are continuing with Japanese companies for investments in the proposed Makran steel plant, which is to have 3 million tons of steelmaking capacity. The mill is in a free trade zone along the Gulf of Oman. Steel companies from India and South Korea are also considering investments in that region, he said.
“The projected capacity will help us to raise our steel exports by around 12 million tons a year,” he said. Last year, Iran exported 2.5 million tons of steel products to Italy, the United Arab Emirates, Iraq, Thailand, Spain and Britain, he said, according to Bloomberg.
Karbasian told Bloomberg that German, French and Dutch delegations have visited Iran recently and that the country has had "extensive negotiations" with them on steel and mining investments.
He told Bloomberg that discusssions also are continuing with Japanese companies for investments in the proposed Makran steel plant, which is to have 3 million tons of steelmaking capacity. The mill is in a free trade zone along the Gulf of Oman. Steel companies from India and South Korea are also considering investments in that region, he said.
