Iran 4 month crude steel output growth 7pct YoY

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Publish time: 3rd August, 2012      Source: ChinaCCM
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Tehran Times reported that Iran produced over 5 million tonnes of crude steel during the first 4 months of this year which began on March 20th 2012 showing a 7.1% growth YoY. Output hit 4.68 million tons in the same period last year.

Mr Vajihollah Jafari deputy industry minister of Iran said that the country's annual crude steel output is projected to reach 55 million tonnes by 2025. The output stood at 12.7 million tonnes last year. Iran also had produced some 16 million tonnes of steel products.

Mr Mehdi Ghazanfari Industry, Mine and Trade Minister of Iran said said that Iran will become one of the world's main steel exporters by March 2016.