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Iran will gain self-sufficiency in steel sector by 2015, Official

01 August 2012 03:41 (UTC +04:00)

Baku-APA. Iran will be a self-sufficient steel producer in the next three years, the vice chairman of the Association of Iranian Steel Producers has said, APA reports quoting oananews.org website.

In an interview with the Fars News Agency, Hamidreza Taherizadeh said that despite global economic sanctions, the country’s steel output increased by five million tons during the past two years, reaching 17 million tons.

Iran produced over five million tons of crude steel during the first four months of this year which began on March 20, showing a 7.1 per cent growth year on year.

Output hit 4.68 million tons in the same period last year, the IRNA News Agency reported on Saturday.

Iranian Deputy Industry Minister Vajihollah Jafari said on April 9 that the country’s annual crude steel output is projected to reach 55 million tons by 2025.

"The output stood at 12.7 million tons last year," he said, adding that Iran had also produced some 16 million tons of steel products.

Iran will become one of the world’s main steel exporters by March 2016, Industry, Mine and Trade Minister Mehdi Ghazanfari said in May 2011.