Economics
Iran’s Mobarakeh Steel Plans Output Boost From Economic Growth
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Iran’s Mobarakeh Steel Co. will increase production more than 25 percent next year to meet growing domestic demand after the easing of international sanctions on the Persian Gulf country’s economy.
Steel output will increase by 2 million metric tons next year, from 7.5 million tons in 2016, Bahram Sobhani, managing director of Mobarakeh Steel, said in an interview in Dubai Tuesday. Exports will be unchanged at 1.5 million tons as the higher production will all go to meet domestic demand, he said.