TEHRAN: Iran is founding a consortium of private re-rollers to boost its long product exports, said Ahmad Khorvash, a member of the board of directors of Iranian Steel Producers’ Association and managing director of the country’s largest re-roller Kavir Steel Complex, according to a report by Minews, a domestic website close to the industry, on Tuesday.
Privately owned re-rollers have agreed to establish an exporting consortium or a co-operative company to integrate and facilitate the export of private producers production,” Khorvash said. “With the establishment of this consortium, we expect a boost in the export of more valuable products, instead of crude steel.”
Most of Iran’s exports are billet and slab, although Esfahan Steel Co., or Esco, recently announced its first rebar shipment into the UK. Rebar exports from Iran have traditionally gone into neighboring countries such as Iraq and Afghanistan. Iranian rebar exports have increased to 397,000 mt over April-December, up 98% from the same period of last year, according to ISPA. But private rolling mills are working at well below installed capacity amid low demand in the domestic market.
More rebar is expected to be exported in the future.
ICCI delegation meets SIFC leadership to discuss trade and investment facilitation
ISLAMABAD: A delegation from the Islamabad Chamber of Commerce and Industry (ICCI), led by President Mohammad Zikria Akbar Zia, held...
