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).
Iran’s production of crude steel accounted for 70% of Middle East’s total output during the first five months of 2023, latest data released by the World Steel Association indicate.
Iran continued to churn out more steel in May despite a decline in the global steel output as the country moved up three places to seventh in the global ranking of large steel producers, according to figures by the World Steel Association (worldsteel).
Iran produced as much as 30.6 million metric tons (mt) of steel in 2022 to remain the world’s 10th largest steel producer, according to a recent update by the World Steel Association (worldsteel).
Iran’s consumption of steel has increased significantly in the two month to late May compared to the same period last year amid a surge in demand for domestically-produced steel in the country’s manufacturing sector.
Figures by Iranian Steel Producers Association (ISPA) show domestic demand for steel increased significantly in the 11 months to late February as steelmakers supplied some 87.8% of their products to domestic customers over the period.
Iran saw its steel production increase by more than a fifth in January and February compared to the same period in 2022, according to figures by World Steel Association (worldsteel).
Iran has moved up one position to ninth in the world’s ranking of largest steel producers in January, according to figures by World Steel Association (worldsteel).
A total of 5.74 million tons of semi-finished steel products were exported from Iran during the first 10 months of the current fiscal year (March 21, 2022-Jan. 20) to register a 1% year-on-year decrease, latest data released by the Iranian Steel Producers Association show.
Iran had the largest growth rate in steel production in the world in 2022, according to latest figures by the World Steel Association (worldsteel).