Iran’s annual crude steel output will reach 15Mt by the end of the current Iranian calendar year (March 20), the chairman of the association of Iranian steel producers said on Monday

Bahram Sobhani added that the output is projected to increase to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).

Iran was the biggest producer of crude steel in the Middle East in 2013, according to the World Steel Association’s latest press release.

Iran produced 15.4 million tons of crude steel in 2013, a 6.6 percent rise compared to 2012.

Iran’s crude steel production reached 14.89 million tons in the previous Iranian calendar year, which ended on March 20.

On January 5, Iranian deputy industry minister Mohammad-Jafar Sarqini said Iran has liberalised exports of steel products until the end of spring in a bid to give an incentive to domestic producers.

Sarqini told IRNA that exports of steel products and ingots will be free until the end June.

Source: Daily Tehran Times