Iran’s steel output capacity expected to increase
Iran's steel output capacity was 10.5 million tons in March 20, 2003-March 19, 2004 period. In March 20, 2004-March 10, 2005 period, the steel output capacity is expected to reach 11.4 million tons. Mines and Industries Development Organization states that Iran showed an upward trend in steel producing as the country has rich energy resources and cheap minerals. It is also reported that the increase in investments, outstanding measures taken by the country to support steel industry as well as employment of specialized people in steel sector helped steel production increase in the recent years.