Iran to become Middle East’s sole producer of wide steel sheets

TEHRAN, May 18 (MNA) -– Next week Iran will put a steel mill into operation in Khuzestan Province and thus become one of the world’s 10 producers of wide steel sheets and the exclusive producer of it in the Middle East.

Iranian Mines and Mining Industries Development and Renovation Organization has invested $370 million plus 3.5 trillion Iranian rials in the project to produce 1.05 million tons of steel sheets of up to 4.5 meters width per annum, the Mehr News Agency reported on Monday.

 

World crude steel production for the 66 countries reporting to the World Steel Association was 84 million metric tons in February 2009, showing 22 percent lower than February 2008.

 

Crude steel production showed a continued decrease in nearly all the major steel-producing countries in February 2009 compared to the same month in 2008, except for Iran and China.

 

Iran recorded an increase of 15.9% in February 2009 (compared to February 2008), producing 0.9 million metric tons of crude steel. The Middle East is the only region showing production growth this month.

 

NK/MG/MRK

END

MNA

News Code 33836

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