Khuzestan steel Co. exports dlrs 230 million of products since March

29 November 2005 | 01:59 Code : 6539 Geoscience events
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Managing Director of Khuzestan Steel Mill Complex said ...
Managing Director of Khuzestan Steel Mill Complex said here Saturday that the company has exported over 230 million tons of its products since the beginning of the current Iranian year (started March 21).
Abbas Verdinejad told IRNA that the company produced 1.25 million tons of steel, of which 600,000 were exported.
He also estimated that the production to reach 2.2 million by the end of the current year of which one million tons will be exported.
He said the company exports its products to China, Taiwan, Indonesia, India, Saudi Arabia, Kuwait and Britain.
Also, he added that some other Arab nations including UAE and Oman have shown interest in purchasing steel from the company.
Khuzestan Steel Company managed to raise its output to 2,150,000 tons in the last Iranian calendar year of 1383 (ended on March 20).
He said the Company had exported 820,000 tons of its products for dlrs 355 million last year.
The exports are up 15 percent in weight and more than 200 percent in value compared to the previous year.
Khuzestan steel company is one the most active raw steel production companies among the firms in the sector.
On another issue, he said the agreement for renovation and modernization of Basra Steel mill Plant which had been signed between the respective province of Khuzestan and Iraq's Basra province has been given to the Jordanian and Turkish companies without permission.
He said the company participated in the official bidding. The price of the contract given to the Jordanian and Turkish companies is below world prices and the agreement is oral and with such practices Iraq has deprived Iran of entering its market.
Iran produces only eight million tons of the product per year and has to import five to six million tons annually.
Steel production target has been set at 14 million tons and could top 25-30 million tons with the implementation of the country's development plans.
Private sector in Iran holds a share of more than 10 percent in steel production and the figure is expected to rise further Also, in the next two years, the private sector's share is slated to rise to about 50 percent or 10 million tons.
The private sector is also estimated to produce 60 percent of its needed unprocessed steel in the next three years.
Iran should be able to get a share of 3.5 percent or 55 million tons in global production and a two percent share or 11 million tons in exports annually.

tags: QAZVIN


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