[Ferro-Alloys.com] Iranian media IRNA reported that Iran has defined 16 development projects in the steel sector which are aimed to boost the country’s output of steel products by 19 million tonnes in a course of five years. These projects are for constructing production units each with the capacity of 600,000 tonnes, while some other projects have been also defined to set up some units with under 500,000 tonnes capacity that together will add 19.1 million tonnes to the country’s annual steel products output

Iran’s Industry, Mining and Trade Minister Mr Reza Rahmani said the country has achieved a proper self-reliance in steel industry. He said “Steel industry is one of the industries in which some good investment has been made and today it has become a production advantage.”

Iran’s annual crude steel production is planned to rise to 30 million tonnes in the current Iranian calendar year (ends on March 19, 2020) from 25 million tonnes in the past year. Iran’s annual steel production is planned to reach 45 million tonnes by the Iranian calendar year 1400 (March 2021-March 2022). (IRNA)