Minews - Iranian steel industry expects financial aids from China

(Minews) - It’s reported that Iran’s government expected China to increase the investments to Iranian multiple economic fields, including steel and mining.

At present, China provided financial aids on three under construction steel projects and it will be grown up to seven in near future.

Besides, Iran hopes to attract the ore mining and processing investments from China so as to aid mine developments in central Iran Tabas.

Nowadays, China is the main sales market of Iranian iron ore but ore exports are restricted by Iranian development strategy.

It’s expected that the financial assistance or direct investments from China will help Iranian steel output up to 15 million tonnes per year.