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Ironware, steel Iran's second largest non-oil exports

TEHRAN, Nov. 8 (Mehr News Agency) - Accounting for 8.8 percent of the total non-oil exports, ironware and steel exports grew at over 58.8 percent compared with the same period last year. Exports of the commodities ranked second only to the gas condensates in terms of earning revenues, the MNA quoted an official with the Trade Promotion Organization of Iran (TPOI).

Increased by 58.7 percent compared with the same period last year, metal exports during the first six months of the current Iranian calendar year (ending March 20, 2007) hit around $1130 million.

Also, increased by 125,000 percent and 592 percent respectively, copper ingots and ferrosilicon exports gained the highest growth in terms of value. World price hikes have been cited at the main reason for the significant growth in the prices of the commodities. However, he added, due to domestic demands last year, exports of copper ingot were very limited during the period.

Meanwhile, grown by 162 percent, stones and zinc concentrates exports hit around $108 million in the past six months, the report said. It also noted that increase in the metal concentrates' prices, high demands for the stainless metals, China's growing demand for raw materials and the increased call for the materials used in military industries are the major causes of the jump in the exports of the commodities during the period.

... Payvand News - 11/8/06 ... --

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