A new report by the Iranian Steel Producers Association shows Iranian steelmakers produced a total of 18.53 million tons of semi-finished products during the first eight months of the current fiscal year (March 21-Nov. 21), down 10% year-on-year.
Iranian steelmakers have managed to sell more shipments to foreign customers this year despite increased American pressure on the country’s trade and banking relations with other countries.
Latest data released by the World Steel Association show Iran’s steel output has declined, yet the country’s world standing remains unchanged.
Iran’s steel exports rose by almost a third in the seven months to October 22, shows a report by the country’s top metals holding IMIDRO.
The installed capacity of crude steel production in Iran has exceeded 40 million tons per year, according to the deputy industries minister.
Iranian steel mills produced a total of 19.3 million tons of crude steel in the first nine months of 2021, which indicate an 8.6% decline compared with the corresponding period of 2020.
Iran’s export of steel ingots increased 36 percent during the first half of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year.
Iran’s exports of steel to neighboring Afghanistan have been suspended amid the current political and logistical turmoil in Afghanistan, Iranian steel industry sources told S&P Global Platts.
Iran has recorded nearly 10% increase in its steel output in the seven months since the start of this year, according to a report citing figures by the World Steel Association (WSA).
A report shows a steel output target of 55 million tons per annum (mtpa) is well within reach for Iran as the country seeks to become the world’s seventh largest steel producer by 2025.