The post Iran’s Crude Steel Output Up $7.2% in 4-Month Period: WSA appeared first on Iran News Daily.

The Islamic Republic produced 28.1 million tons of crude steel in the first 11 months of 2023, also registering a 0.6 percent increase as compared to the same period in the past year, the WSA report said.

Based on the WSA data, Iran maintained its place as the world’s 10th largest steel producer in the mentioned period.

The WSA data put the world’s 11-month crude steel production at 1.715 billion tons, indicating a 0.5 percent increase compared to the first 11 months of 2022.

The world’s 71 steel producers managed to produce 145.5 million tons of steel in November 2023, 3.3 percent more than the figure for the previous year’s same month.

Based on the WSA report, China, India, Japan, the U.S., and Russia were the world’s top steel producers in the first 11 months of 2023, respectively.

The previous WSA report had put Iran’s steel output in the first 10 months of 2023 at 25.1 million tons, 0.1 percent less than the same period in 2022.

The Islamic Republic’s monthly crude steel output stood at 3.1 million tons in October.

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).

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The WSA data put the world’s 10-month crude steel production at 1.567 billion tons, IRNA reported.

The report shows that Iran’s crude steel output also stood at 3.1 million tons in October, and Iran maintained its place as the world’s 10th largest steel producer in the mentioned period.

The world’s 71 steel producers managed to produce 150 million tons of steel in October 2023, 0.6 percent more than the figure for the previous year’s same month.

Based on the WSA report, China, India, Japan, the U.S., and Russia were the world’s top steel producers in the first 10 months of 2023, respectively.

The previous WSA report had put Iran’s steel output in the first nine months of 2023 at 22.1 million tons, also 0.6 percent less than the same period in 2022.

The Islamic Republic’s monthly crude steel output stood at 2.4 million tons in September, indicating a decrease of 12.7 percent compared to the figure for September 2022.

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).

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The post 16.2m Tons of Crude Steel Produced in 7 Months appeared first on Iran News Daily.

Over 9.483 million tons of steel ingots were produced during the four-month period of this year, rising from 8.683 million tons of the product produced in the first four months of the previous year, reported IRNA.

Production of steel ingots in Iran is expected to surpass 30 million tons in the current Iranian year (ending March 20, 2021), announced Deputy Industry, Mine, and Trade Minister Darioush Esmaeili.

The official underscored that the country is planning to rise to eighth place by the Iranian calendar year 1404 (to start in March 2025).

“Given the country’s 2.8-billion-ton iron ore reserves, we need new explorations in this field, because when the annual steel ingot production capacity reaches 55 million tons, the current production levels of iron ore can only supply the industry for 12 to 13 years,” the official stated.

He further noted that over 90 million tons of iron ore were produced in the country during the previous Iranian calendar year (ending March 19), of which only seven percent was exported.

The Ministry of Industry, Mine, and Trade has announced that production of iron ore concentrates in Iran reached 47.306 million tons in the previous Iranian calendar year, registering a four-percent rise compared to the preceding year.

Iran’s export of steel products in the past Iranian year rose 27 percent compared to the preceding year.

As reported, the country’s major steel producers exported about 7.33 million tons of the products last year.

According to Esmaeili, 10 years ago Iran exported more than 20 million tons of unprocessed iron ore and the figure fell to a maximum of six million tons last year.

Iranian steelmakers produced nearly 13.9 million tons of crude steel during the first half of 2020, marking a 10.2 percent rise compared to the figure for the same period in 2019, which was 12.6 million tons.

According to figures released by the World Steel Association (WSA) on July 23, Iran produced 2.4 million tons of crude steel in June, showing a 5.3 percent increase compared to the figure for the same month of 2019, which was 2.3 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.

WSA is one of the largest and most dynamic industry associations in the world. WSA 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.

The post Crude Steel Output of Iran Increases by 9% in 4 Months appeared first on Iran News Daily.

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.

The post Iran crude steel output hit 21.5m tons appeared first on Iran News Daily.

Khodadad Gharibpour made the announcement during a ceremony on unveiling the comprehensive system of indigenizing steel chain products at IMIDRO, IRNA reported.

“Today, we are witnessing a national will and determination for self-reliance and promotion of production and indigenizing should be in fact considered as a necessity in this regard”, the official stressed.

Production of crude steel in Iran during the first eight months of 2019 has risen six percent from that of the same period of time in 2018, World Steel Association (WSA) has announced in its latest report.

The WSA put the country’s crude steel output at 17.188 million tons in the eight-month period of this year, rising from 16.153 million tons in the same time span of the previous year.

Iran’s production of crude steel is rising despite the U.S. sanctions.

In an attempt to [as the U.S. president Trump put it] “choke off the country’s largest non-petroleum related sources of export revenue”, Washington imposed new sanctions on Iran’s metals and minerals sectors in early May.

While at the first glance [considering Trump’s comments], this might seem to be a heavy hit to Iran’s economy in the near future but a close look into the country’s exports data could reveal Trump’s great miscalculations. In fact, this could even be considered a “blessing in disguise” for the country’s minerals and metal industry.

During a meeting with the members of Iran Steel Association in late July, 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.

In a press conference on June 8, deputy industry, mining and trade minister said that Iran’s annual steel production is planned to reach 45 million tons by the Iranian calendar year 1400 (March 2021-March 2022).

Jafar 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.

According to World Steel Association, Iran became the world’s tenth largest steel producer in 2018.

Iran which stood at the 13th place in 2017 could lag behind three major steel producers in the world, namely Italy, Taiwan, and Ukraine to stand at the 10th place in 2018, despite the re-imposition of sanctions by the U.S.

According to the WSA’s report, Iran produced 25 million tons of crude steel in 2018 which indicates 17.7 percent growth from 21.2 million tons in 2017.

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These producers produced 14.169 million tons of crude steel during the eight-month period of the previous year.

Also as reported by the World Steel Association (WSA) in November, production of crude steel in Iran stood at 20.59 million tons during the first ten months of 2018, indicating 19 percent rise from 17.303 million tons in the same period of time in 2017.

“Iran produces 34 million tons of steel per year and is aimed at producing 55 million tons of the product by 2025,” according to the previous industry minister, Mohammad Shariatmadari.

To hit the target, Iran is in need of attracting €8 billion of investments, he said in last July.

He also announced that the country exports 9 million tons of crude steel per year and plans to improve the figure up to 15 million tons by 2025.

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“Iran produces 34 million tons of steel per year and is aimed at producing 55 million tons of the product by 2025,” he said, “To hit the target, Iran is in need of attracting €8 billion of investments, and also making €6.5 billion of investments in railway sector and €4 million of investments in power sector.”
“The country exports 9 million tons of crude steel per year and plans to improve the figure up to 15 million tons by 2025,” IRNA quoted him as saying.
As Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced in mid-June, several crude steel production projects have been specified in the country over the past five years that have 40-percent progress at the moment.
The official said that Iran’s crude steel output will reach 40 million tons per year once the mentioned projects are complete, Shata news agency reported.

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