The amount of steel products manufactured by the Iranian state-run and private sectors hit 17.417 million tons in the past Iranian calendar year, which ended on March 20, with 2 percent growth compared with the preceding year.

Also, crude steel production reached 14.873 million tons, showing 5.7 percent growth year on year, ILNA reported on Saturday.

Iranian Deputy Industry Minister Vajihollah Jafari said last April 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 also had 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.

Iran will be a self-sufficient steel producer in the next three years, the vice chairman of the Association of Iranian Steel Producers Hamidreza Taherizadeh said in July 2012.

He told the Fars News Agency that despite global economic sanctions, the country’s steel output increased by 5 million tons during the past two years, reaching 17 million tons.

Other News:
Iran's annual steel production rises 2%
NSK Develops a High-Speed Angular Contact Ball Bearing for Oil-free Dry Air Compressors
SKF USA Enters into SIPCO's Essential Wireless Mesh License
NSK Holds Groundbreaking Ceremony at New Plant in Mexico
Trelleborg Rubore® featured at Engine Expo 2013
NKE AUSTRIA Highlights Hannover Messe 2013
Dana to Pay Dividends on Common, Preferred Stock
Timken Posts First Quarter Results; Reaffirms 2013 Outlook