Ferrosilicon Daily Express 11.11

  • Wednesday, November 11, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]Iran's steel exports in the mentioned six months fell 33 percent compared to the previous year’s same period.
[Ferro-Alloys.comIranian steel producers exported 2.358 million tons of steel ingots and products during the first six months of the current Iranian calendar year (March 20-September 21), IRNA reported.

The country’s steel exports in the mentioned six months fell 33 percent compared to the previous year’s same period.

As reported, the fall in the exports of the mentioned commodities is mainly because of the decrease of the country’s foreign trade due to the outbreak of the coronavirus and also the increase in the demand for the said products inside the country.

Of the country’s total exports in H1, 19.5 percent was related to the sixth month of this year, which indicates the exports are following an upward trend.

In the past few years with new resilient economy strategies coming into play, the mining sector has become a major point of focus for the Iranian government and various organizations and bodies active in this sector have been tasked to implement new programs for boosting this sector.

As a major state-owned holding company active in the mining sector in the country, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has been playing a significant part in the mentioned planning.

  • [Editor:kangmingfei]

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