BAKU, Azerbaijan, April 8. The export of sponge iron from Iran increased by 73.9 percent in value and 70.8 percent in weight in the last Iranian year (from March 21, 2023 through March 19, 2024) compared to the previous year (from March 21, 2022 through March 20, 2023), the data of Iran's Steel Producers Association said, Trend reports.
Iran's sponge iron exports last year totaled 1.48 million tons worth $361 million.
The export of sponge iron from Iran in the previous year amounted to 864,000 tons worth $208 million.
Meanwhile, Iran's annual production of sponge iron exceeds 33 million tons.
The country produced about 28.1 million tons of sponge iron in nine months. This is 6.5 percent more than in the same period last year.
To note, according to the statistics of Iran's Customs Administration, the country's non-oil exports in the last Iranian year amounted to more than 136 million tons worth $49.3 billion. Compared to the previous year, Iran's non-oil exports decreased by 8.87 percent in value terms and increased by 9.82 percent in weight terms.
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