IRAN PLANS TO TRIPLE STEEL CAPACITY TO 55 MILLION TONNES

Iran planned to more than triple steel capacity to 55 million tonnes in the next 10 years, potentially helping consume 120 million tonnes of domestic ore, Keyvan Jafari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association, said in an interview in Qingdao.


Instead of seeking to sell ore into China, Tehrani’s in Asia’s top economy to promote the idea of made-in-Iran steel and court potential investors