Iran’s crude steel production reached over 25 million tons in the first 10 months of 2024, marking a 0.6% increase compared to the same period last year, according to the latest report by the World Steel Association (WSA).
The value of Iran’s steel exports hit $3.09 billion in the first six months of the country’s calendar year (March 20 – September 21), marking a 16% drop compared to that of last year’s corresponding year.
Lower electricity supplies to Iranian steel producers caused a major decline in the output in the first half of the calendar year that started in late March, according to figures by the Iranian Steel Producers Association (ISPA).
More than 5 million tons of steel products were exported from Iran in the first six months of the current Iranian calendar year (started March 21, 2024).
Iran’s steel output rose in the seven months to July despite a global fall in production and despite power cuts imposed on steel producers in the country this summer.
The latest monthly report by the World Steel Association (WSA) indicates that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year.
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 Iranian Steel Producers Association (ISPA) said the steel production volume in the country in the first two months of the current Iranian calendar year (March to May 2024) registered a 1.6 percent growth compared to the same period last year.
Iran’s steel production volume increased by 7.2 percent in the first four months of 2024 (January to April) despite the reduction of total steel production volume in the world, the World Steel Association (WSA) reported.
The World Steel Association (WSA) announced in its latest report that steel production in Iran during the first quarter of 2024 has registered a 16.3 percent growth compared to the same period last year.