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Iran's Mineral exports decline 5% in 2018-19

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TEHRAN (Scrap Register): Iran's mineral products exports declined 5% from a year earlier to 57.707 million tonnes ($9.22 billion) during the 2018-19 fiscal year (ended on March 20), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

The exports of steel products accounted for the lion’s share of last year’s mineral exports; Iranian mills exported some 8.9 million tonnes of steel products worth $4.11 during last Iranian year, which showed 17% and 3% growth in terms of value and volume year-on-year.

Copper and downstream products were the second most exported items, with a value of $917 million. The figure indicates a 13% jump compared with that of the previous year.

Last year, over 3.643 million tonnes of minerals worth $3.575 billion were imported, showing year-on-year fall of 41% and 34% in terms of tonnage and value, respectively.

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