"In recent years, Iran has overtaken France and Italy in the steel industry, and ranks tenth in the world," Es’haq Jahangiri told reporters, Fars News Agency reported.
He reiterated that last year, when the average growth of the global steel industry was 3.5 percent, that of Iran’s steel industry stood at more than 6.5 percent.
Despite the harsh sanctions, in 2018, Iran exported more than 12 million tons of steel, Jahangiri noted.
In May 2018, President Donald Trump pulled the US out of the Joint Comprehensive Plan of Action, signed between Iran and the P5+1 in July 2015, and reimposed Washington’s unilateral sanctions on Tehran. The sanctions mainly target Iran’s foreign trade and exports.
On Saturday, the caretaker of Iran’s Ministry of Industry, Mine and Trade, Jafar Sarqeini, said the country’s steel production in the first five months of the current calendar year (March 20-August 21) witnessed an eight percent growth.