News ID: 251507
Published: 0216 GMT April 16, 2019

IMIDRO: SIOC exceeded iron ore production target 82% in year ending March 2019

IMIDRO: SIOC exceeded iron ore production target 82% in year ending March 2019

Sangan Iron Ore Complex (SIOC) in the eastern Iranian province of Khorasan Razavi mined more than five million tons of iron ore in the year ending March 2019, to exceed its annual production target of three million tons.

During the 12-month period to March 20, 2019, the complex mined 5.46 million tons of iron ore, close to 82 percent more than its annual production target, according to a report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

The complex also exceeded its annual iron ore pellet production target in the same period, by producing 939,000 tons of high- (635,000 tons) and medium-grade (304,000 tons) iron ore pellets.

This came as the complex’s iron ore pellet production target in this period was set at 900,000 tons.

Iran ranked 10th among crude steel producers last year with 25 million tons of production, according to figures released by World Steel Association (WSA) in January.

The statistics show a 17.72-percent rise for Iran compared to the corresponding figure of 2017, which stood at 21.24 million tons.

Iran was the 14th steelmaker of the world in 2017.

According to the Islamic Republic’s Vision Plan, the country’s total steel production capacity is to hit 55 million tons a year by 2025, with export figures expected to reach 10-15 million tons.

The World Steel Association (WSA) is one of the largest and most dynamic industry associations in the world. WSA members represent approximately 85 percent of the world’s steel producers, including over 150 steel producers with nine of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.

 

   
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