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Through creativity, innovation, and efficiency Iran can greatly expand its trade, AFTER THE FAILURE of Ahmedinejads regime and the challenge of Western sanctions.....designed for future war.
Readers comment:
"South Korean and Chinese shipbuilders should be given incentives to set up shipyards and Industrial EPZ in Iran including making offshore mega GTL plants on the inexhaustible S Pars field. All inputs in Iran are cheaper and labour/brains plenty and markets nearby."
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Iran boosts exports of iron ore, iron products to China, India
A freighter belonging to the Islamic Republic of Iran Shipping Lines (IRISL) (file photo)
By Presstv.com
New figures show that Iran has increased its exports of iron ore to China and iron products to India.
According to Chinese customs data, Iran’s iron ore exports to China soared 35 percent to 13.4 million tons during the first seven months of 2013, overtaking India to become the fourth top supplier of iron ore to the East Asian country, Reuters reported.
Over the past few years, the Islamic Republic’s iron ore exports have grown by over 60 percent to an annual rate of around 25 million tons, worth some USD 3 billion a year.
Meanwhile, data from the World Steel Association show that Iran has raised its production of direct-reduced iron (DRI), also known as sponge iron, by 50 percent so far this year.
Iran, the world’s second largest producer of sponge iron, is also boosting its exports of the iron product to India.
Prakash Tatia, the vice chairman of India’s Sponge Iron Manufacturers Association (SIMA), said that Iran’s exports of the iron product have reached 80,000 tons in April-July for the whole fiscal year that ended March 2013.
Tatia said that the figures were based on inputs from port sources and traders in India and overseas.
