Iran Targets Steel Efficiency Through Value Chain Development
Iran’s steel industry is gearing up to improve its efficiency and ramp up value-added production by developing a more balanced and integrated downstream value chain. This move comes as part of the Ministry of Industry, Mining, and Trade’s broader strategy to elevate the sector’s output and productivity, according to Vajihollah Jafari, the Deputy Minister for Mines and Mining Industries.
Jafari, in his statement on Saturday, underscored that the government’s policies are heavily focused on boosting productivity within the steel sector. A key element of this approach is the development of the downstream industries, which will play a crucial role in increasing the value-added components of steel production. These efforts are aligned with the goals outlined in Iran’s Seventh National Development Plan, which prioritises industrial growth through enhanced efficiency and technological advancement. The focus on improving the steel industry’s value chain is not just about boosting production but also about addressing critical issues such as mining waste. Jafari pointed out that dealing with mining waste is a core part of the ministry’s strategic roadmap, highlighting its significance in both environmental sustainability and operational efficiency.
“The steel sector, being one of Iran’s key production industries, must address these challenges to ensure sustainable growth and productivity,” Jafari emphasized. His remarks reflect a broader push within the country to modernize the steel industry, enhance its competitive edge, and contribute significantly to the national economy. The development of a well-balanced value chain in the steel sector, according to Jafari, will not only increase efficiency but will also create more opportunities for value-added production, thus helping to meet domestic demand and boosting exports. This strategic focus aims to position Iran’s steel industry as a leading player in the global market.
