Despite US sanctions, Iran expects steel exports of 11 million tons

Iran is going to export Steel to 120 countries and reach 11 million tons this year, despite brutal sanctions that have been imposed on the country by the US.

Reza Rahmani, the minister of Industry, Mine and Trade of Iran, announced that Iranian producers had obtained the technology to make graphite electrodes. Now two thousand businessmen are committed to this field.

The head of the executive board of the IMIDRO, a major state-owned holding company active in the mining sector in Iran, declared that the country would reach 55 million tones of steel production by 2025, and there is no doubt about it. Iran is facing surplus steel production at present, 10 to 12 million tones of steel are going to be consumed domestically, and the rest exported.

Eleven million tones of steel will be exported from the country, states Gharibpour, head of IMIDRO. He hopes for the steel companies to become large-scale and gradually acquire technical knowledge. All the organizations in the country are assisting the country’s steel industry, from the vice president of Science and Technology, universities to scientific and research centers. Harsh American sanctions aimed to stop Iran exports, but it didn’t happen, says Gharibpour.

Iran as the largest steel producer

The steel industry is strategic for the country. Iran is a leading producer of steel in the world. Iran’s iron and steel industries have been imposed with harsh sanctions recently by the US Treasury Department. Those sanctions aren’t new but have become more complicated. Twenty large corporations in the steel industry became the victim of the US sanctions; the value of these companies is 280 trillion rials (28 billion euros). Despite this fact, Gharibpour asserts that the vulnerability of the sector is very low due to the variety of traders and export destinations.