TEHRAN (Iran News) – Iran cast over 9.23 million tons of crude steel in the first five months of the current Iranian year (March 20-August 21).
The figure shows a seven percent growth compared to the amount for the same period last year which was 8.62 million tons, announced Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) in a statement on Tuesday, IRNA reported.
The report added that over six million tons of steel products were produced during the said period, indicating two percent of growth compared to corresponding figure of preceding year, 5.88 million tons.
According to figures released by the World Steel Association (WSA) on August 24, Iranian steelmakers produced over 16.2 million tons of crude steel during the first seven of 2020, marking a 10.7 percent rise compared to the figure for the same period of 2019, which was 14.6 million tons.
Iran produced 2.3 million tons of crude steel in July, showing a 14.3 percent increase compared to the figure for the same month of 2019, which was 2.04 million tons.
Iran produced 31.9 million tons of crude steel in 2019, according to the WSA figures released in January.
The country plans to increase its annual steel production capacity to 55 million tons by 2025, with exports expected to reach between 10 million tons and 15 million tons per year.
The WSA is one of the largest and most dynamic industry associations in the world. Its members represent approximately 85 percent of the world’s steel producers, including over 150 steel producers, with nine of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.
- source : Iran Daily