Iran has secured the seventh position among producers of crude steel in the world in May 24, according to a recent report by the World Steel Association.
The report said that Iran's monthly production of raw steel reached as much as 3.3 million metric tons in May 2024, marking a 2.1 percent increase compared to the same month of 2023.
It indicates that Iran ranked seventh in terms of monthly production among the top steel producers in the world for the first time in 2024.
The Islamic Republic produced 3.3 million metric tons of steel, with a point-to-point growth of 2.1 percent and a 9.1 percent increase in production of the commodity in the first five months of 2024 compared to last year’s corresponding period.
It is noteworthy that in terms of the volume of Iran’s raw steel production in the first five months of the current year, the country produced 14 million metric tons of raw steel and ranked ninth among world’s top producers.