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`The steel sanctions against Iran are not something new and they had been imposed against the Iranian companies in the past too.` Hamidreza Fouladgar told FNA on Sunday.
He noted that companies have gained experiences to confront sanctions during years. and said that they have found some successful methods to this end.
`Despite all attempts the Americans have made to cripple Iran`s exports. there is a target market that has not been affected by the sanctions much.` Fouladgar said.
Iranian companies are strenuously increasing steel production despite threats and sanctions.
A senior official said in April that Iran`s Mobarakeh Steel Company could produce over 500.000 tons of hot-rolled steel in one month.
`The workers of the hot-rolled steel unit could produce 500.282 tons of products in the month of Farvardin (March 21-April 20) and set a quality record for Mobarakeh Steel Company.` The head of the hot-rolled steel unit of the company Mehdi Ali Akbarian said.
He added that 116.054 tons of low-thickness and high-quality steel and 65.051 tons of sponge iron were respectively produced in Saba Steel Complex and Sefid Dasht Steel Company.
Iran announced in March that steel production in the 11 months between March 2018 and February 2019 had witnessed an 8% growth compared with the corresponding period in the last year. outputting 19.604 million tons of crude steel in the span.
Iranian Steel Producers Association released a report recounting that the production of semis also observed a 13% growth during the past 11 months of the current local calendar year (through February 19).
Billet and bloom output stood at 12.958 million tons. while that of slab reached 9.738 million tons.
Hot-rolled coil had the lion’s share of finished steel production with 7.277 million tons. up 3% year-on-year.
It was followed by rebar with 7.102 million tons. up 24% in comparison with last year’s 11-month period.
Production of cold-rolled coil stood at 2.34 million tons. up 14%. while the production of coated coil with 1.272 million tons observed a 9% fall.
