TEHRAN (Iran News) – Iranian steelmakers produced 4.69 million tons of steel ingots during the first two months of the current calendar year (March 20-May 20), according to figures by the Iranian Steel Producers Association (ISPA) on Sunday.
The ISPA statistics indicate that the country’s producers manufactured 2.7 million tons of steel billet and bloom during the said period, marking a two percent drop compared to the figure for the same time span last year, which was 2.76 million tons, IRNA reported.
Iranian steel mills also produced 1.99 million tons of slab during the two-month period to May 20, showing an increase of 13 percent compared to their output in the same duration last year, which was 1.76 million tons.
According to figures released by the World Steel Association (WSA) in late May, Iranian steelmakers produced 8.49 million tons of crude steel during the first four months of 2020, marking a 4.3 percent rise compared to the corresponding figure for 2019, which was 8.139 million tons.
Iran produced 1.79 million tons of crude steel in April, showing a 17.8 percent decrease compared to the figure for the same month of 2019, which was 2.178 million tons.
The country produced 31.9 million tons of crude steel in 2019, according to figures released by WSA in January.
Iran’s total steel production capacity is to hit 55 million tons per year by 2025, with its exports expected to reach between 10 and 15 million tons.
- source : Iran Daily, Irannews