According to the WSA’s data, Iran produced 12.5 million tons of crude steel in January-May 2021, registering a 9.2 percent growth compared to the same period in 2020.

The Islamic Republic’s steel output stood at 2.6 million tons in May, indicating a 7.7 percent rise year on year.

Based on the mentioned data, the world’s top 64 steel makers managed to produce 837.5 million tons of steel in the mentioned five months to register a 14.5-percent rise from the figure for the last year’s same period.

Also, the production of world’s major steel producers reached 174.4 million tons in the said month, with a 16.5 percent increase over the same period last year.

Producing 473.1 million and 48.6 million tons of the product, China and India stood at the first and second places in the said period, respectively, while Japan stood at third place producing 40 million tons of crude steel.

The U.S., Russia, South Korea, Germany, Turkey, and Brazil took fourth to ninth places, respectively.

The Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.

The country is expected to climb to seventh place among the world’s top steel producers by the Iranian calendar year 1404 (March 2025).

According to the former Acting Minister of Industry, Mining, and Trade Hossein Modares Khiabani, the production capacity of the country’s steel chain increased from 123 million tons in the Iranian calendar year 1392 (ended in March 2014) to 230 million tons in the previous year (ended on March 20).

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TEHRAN (Iran News) – Iranian steelmakers made 21.52 million tons of crude steel output during the first 10 months of 2019, marking a 6.2-percent increase compared to corresponding figure of 2018, which was 20.26 million tons.

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Meanwhile, the country’s crude steel production in the mentioned time span rose by 7.1 percent to exceed 8 million tons.

Iran’s crude steel production stood at 7.518 million tons in the past year’s same time span.

Last month, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the exports of steel products rose 20 percent during the first quarter of current Iranian calendar year (March 21-June 21) compared to the first quarter of the previous year.

As reported, the country exported 758,000 tons of steel products during the three-month period of this year.

IMIDRO also put the export of steel ingots at 1.425 million tons in the first quarter of current year, falling 23 percent from 1.854 million tons in the same time span of the past year.

In a press conference on June 8, Iranian deputy industry, mining and trade minister said the ministry has taken necessary measures to maintain the country’s metal exports despite U.S. sanctions.

“We have established a special working group in the ministry which is closely assessing the situation and making necessary arrangements to mitigate the impact of U.S. sanctions,” Jafar Sarqini told the Tehran Times in the press conference.

The official noted that it is expected for the exports from the country’s mining sector to, at least, reach the last year’s $8.5 billion by the end of the current Iranian calendar year (March 2020).

Also, during a meeting with the members of Iran Steel Association on Sunday, Iranian Industry, Mining and Trade Minister Reza Rahmani said the country has achieved a proper self-reliance in steel industry.

Steel industry is one of the industries in which some good investment has been made and today it has become a production advantage, the minister further underscored.

Iran’s annual steel production is planned to reach 45 million tons by the Iranian calendar year 1400 (March 2021-March 2022), according to Sarqini.

Referring to the sanctions, the official said, “All those who have imposed sanctions against Iran aim to destroy he country’s production capabilities; therefore, the Ministry of Industry, Mining and Trade prefer that the steel producers focus first on production and in this due development projects with the physical progress of over 70 percent will also help achieve this target.”

On June 15, the official had announced that the country’s annual crude steel production is planned to reach 30 million tons in the current Iranian calendar year.

He put Iran’s crude steel production at 25 million tons in the past year.

Sarqini had also announced that Iran will inaugurate steel projects with the capacity of at least 10 million tons during the current Iranian calendar year.

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