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EghtesadOnline: Head of Sales and Export Department of Khorasan Steel Complex Hamid Reza Shenavaei said on Saturday that the first consignment of crude steel was exported from the complex to the United Arab Emirates (UAE).

Given the company’s aim to develop exporting markets and considering launching second steel making unit of the complex, marketing for exporting billet is on the department's agenda.

According to IRNA, he pointed to constant consultations and follow-up and foreign markets studies, and said an agreement was reached with the UAE for export of 1200 tons of billet, the first consignment of which was dispatched last week.

'In case of approval of the quality of the exported consignment, more sales contracts will be signed with the country.'

The second steel making unit of the complex by capacity of 620,000 tons billet annually was set up on April 27, 2017 in Neyshabour city, 120 kilometers west of Mashad.

Iran Steel Khorasan Steel Complex Iran-UAE treade Hamid Reza Shenavaei