Date: 02 September 2021 , 02:32
News ID: 10342
NEWS SERVICE: IRON and STEEL

Iran Increases Steel Production

Iran's steel production increased nearly 10% in the first seven months of the current year.

Citing figures by the World Steel Association (WSA), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said that steel production in the country had reached a total of 17.8 million metric tons from the start of January to the end of July.

The report said the output shows a 9.9% increase compared to figures recorded in the similar seven months to July 2020.

Citing WSA data on the global steel output, the report said that Iran had kept its position as the 10th largest producer of steel in the world this year.

Global output rose by 12.4%$ year on year in July to a more than 1.165 billion tons, showed WSA figures.

Iran’s output figures were more promising in July as mills in the country churned out 2.6 million tons of steel, up 9% against July 2020. That comes as global production rose by 3.3% to 161.7 million tons, according to WSA figures.

Iran exported 2.78 million tons of finished and semi-finished steel products during the first quarter of the current Iranian calendar year (started March 21, 2021) and earmarked a growth of 128 percent.
The performance of some of the leading Iranian steel companies indicates that in June 2021 the companies exported 916,236 tons of steel, which indicates a growth of 104% compared to June 2020.

 

Soource: Fars news

World Steel Association WSA IMIDRO Steel semi-finished steel products
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