ID :
156744
Tue, 01/11/2011 - 13:18
Auther :
Shortlink :
http://m.oananews.org//node/156744
The shortlink copeid
Iran saves $9b in steel projects
TEHRAN, Jan.11 (MNA) -– Iranian director of the Mines and Mine Industries Development and Renovation Organization said that steel projects in the country are estimated to cost $10 billion of which $9 billion will be spent in the country.
He said to build a one million ton steel factory $550 million to $600 million is needed and in the past the equipment for these factories was mostly imported.
In heavy industries such as mines we have become self-sufficient, while four years ago we were 70 percent dependant.
In steel industry we are 90 percent self-sufficient and by next year we will be 100 percent.
He said to build a one million ton steel factory $550 million to $600 million is needed and in the past the equipment for these factories was mostly imported.
In heavy industries such as mines we have become self-sufficient, while four years ago we were 70 percent dependant.
In steel industry we are 90 percent self-sufficient and by next year we will be 100 percent.
