Iran, China to build industrial park

Iran and China will jointly build an industrial park in Irans southern port city of Jask in Hormuzgan Province which is considered as important for expanding energy ties between the two countries.

Steel output to hit 50m tons in six years

Minister of Industry, Mines and Trade Mohammadreza Nematzadeh said that crude steel production will reach 50 million tons in the next six years from the current 17 million tons.