A senior Iranian lawmaker stressed that despite Washington’s hype about its bans and pressures on Iran’s steel industry, the country is still exporting the strategic product, rendering US sanctions obsolete.
President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminum imports from Canada and Mexico that had created friction between the neighbors and blocked a new North American free trade agreement.
Iran exported 4.89 million tons of steel ingots in the year to March 2019, of which 67 percent were sent to target markets in the form of billets and blooms, according to figures by the Iranian Steel Producers Association (ISPA).
Iran exported 4.484 million tons of crude steel as well as 2.6 million tons of steel products during March 21, 2018-February 19, 2019, announced the Iranian Steel Producers' Association (ISPA) in a statement on Sunday.
Iranian steelmakers cast 19.604 million tons of crude steel in the first 11 months of the current Iranian year (March 21, 2018-February 19, 2019) which registered an eight-percent growth compared with the corresponding period last year.
Steel billet exports from Khorasan Steel Complex, in northeastern Iran, witnessed a growth of more than 67 percent during March 21, 2018-January 20, 2019, said the managing director of the complex on Monday.
Iran exported cast iron, iron and steel exports valued at $3.71 billion during March 21-December 21, 2018, which indicated a 37-percent increase year-on-year, according to the country's foreign trade figures.