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Head of Iran’s largest holding in metals sector. known as IMIDRO. Khodadad Qaribpour said that output of steel in the country had grown by around six percent between late March and early September. around 1.5 percent higher than the surge reported in global production.
We have had two to three million tons of growth in steel production chain each year. he said of a trend reported in Iran’s steel industry over the past years.
Speaking in a conference on metals in Tehran. Qaribpour said Iran’s total annual output of steel would hit a target of 28 million tons in March. when the current Iranian year concludes.
Iran. a leading producer of steel in the world. has said that exports to other countries have continued unabated while insisting that output keeps surging to respond to a growing domestic demand.
The announcement is the latest to come from Iranian officials showing that the country’s metals sector has remained largely unaffected by the American sanctions.
US bans targeting Iran’s metals trade came in May. a year after Washington withdrew from a major international deal on Tehran’s nuclear program and started piling economic pressure on the country.
