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Iran ranks 14th in steel production

Iran ranked 14th in the world with 16.1 million tons steel production, the Vice President of Marketing and Sales for Esfahan Steel Company said.

Iran ranks 14th in steel production

As Khane.com reports, 2.5 million tons of steel products were sold in domestic and foreign markets in the last year, Mr. Dashtianeh said in a congress for increasing the resistance and diversity of Isfahan Steel Company’s production.

We would like to sell our products on commodity exchange that is the best tool for price transparency, he added.

Despite of global hard conditions, we witnessed a 102 percent export growth in the last year than previous year, Mr. Dashtianeh continued.

New products with higher added value and according to market needs and decreasing the cost by increasing the productivity of blast furnaces are among 2015 achievements, he added.

One of the construction problems in the country is lack of using of necessary and adequate monitoring mechanism in production and using of standard steel products in the country, Mr. Dashtianeh declared.

We live in an earthquake prone country and the government should overlook to correct using of steel products, he added.

Continuation in importing of steel products and reducing the quality of steel products, the country’s economic recession especially in the construction sector and lack of enough demand and in accordance with domestic production capacity (building permits negative growth rates) were among hard conditions of steel industry in 2015, Mr. Dashtianeh declared.

According to released figures by the World Steel Association in 2015, Iran ranked 14th in the world with 16.1 million tons in crude steel while Iran’s steel per capita consumption has been about 215 kg in Iran, the Vice President of Marketing and Sales for Esfahan Steel Company added.

The iron price has no effect on housing prices because the amount of iron using in the building is 5 to 7 percent.

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