Considering Iran’s huge investments in steel industry, the country’s steel output is expected to increase by more than 33% within the next two years, according to a person with the knowledge of the matter.
The Iranian Steel Producers Association (ISPA) in a report said 7.1 million tons of steel and iron products were exported from the country in the first seven months of the current Iranian calendar year.
Iran has produced as much as 22.1 million metric tons (mt) of steel in the first nine months of 2023, showing a 0.6% decline compared to last year’s corresponding period, according to World Steel Association (worldsteel).
The World Steel Association (worldsteel) in its latest report has announced that Iran’s steel output hiked by 1.1 percent in the first eight months of 2023 when compared to last year’s corresponding period.
Iran’s annual steel production capacity is expected to hit a target of 55 million metric tons (mt) by 2025, according to a senior member of the Iranian Steel Producers Association (ISPA).
Iran’s exports of steel rose significantly in the four months to late July this year with China being responsible for more than a third of purchases, according to figures by state-run metals and mining company IMIDRO.
Iran produced as much as 18.1 million tons of steel in the first seven months of 2023 to maintain its place as the world’s 8th biggest steel producer, according to the latest figures released by the World Steel Association (worldsteel).
Iranian steel mills have produced as much as 18.1 million metric tons (mt) of the mineral in the first seven months of 2013, according to an official report.
Iran has moved two steps upwards to become the world 8th biggest steel producer in the first half of 2023, according to latest figures released by the World Steel Association (worldsteel).
Some 9.47 million metric tons (mt) of steel were produced in Iran in the first three months of the current Persian calendar year (March 21 – June 22), according to latest statistics by the Iranian Steel Producers Association (ISPA).