Iran Third in Steel Production Growth
Iran ranked 3rd globally in 2020 in terms of steel production growth as it produced over 29 million tons of the metal despite US sanctions.
Iran produced more than 29 million tons of steel in 2020, so that the country stood at the third rank of growth in the strategic metal’s production after Uzbekistan and Moldova.
However, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the country has become the 10th steelmaker in the world.
A total of 64 steel producing countries, as members of World Steel Association (WSA), produced 1.830 billion tons of steel in 2020.
Iran produced 29.30 million tons of steel in 2020, showing a 13.4 percent growth as compared to the previous year (25.6 million tons).
In a relevant report in December, IMIDRO announced that Iran’s steel production has increased 13% over the 11 months of 2020, while global steel production recorded a 1.3% drop during this period.
source: Fars News
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
