Meanwhile, these producers exported over 632,000 tons of steel in the second month of this year, which was 187 percent higher than the figure of the second month of the previous year.

As reported, in the first two months of this year, the highest amount of steel exports was made by Khuzestan Steel Company with 341,187 tons, followed by Esfahan Steel Company with 213,873 tons and Mobarakeh Steel Company with 106,032 tons in the second and third ranks.

Iran’s export of steel during the previous Iranian calendar year 1399 (ended on March 20) declined 13.1 percent compared to the figure for the preceding year, data released by the Iranian Steel Producers Association (ISPA) showed.

Based on the mentioned data, the country exported nine million tons of steel in the previous year while the exports in the Iranian calendar year 1398 stood at 10.362 million tons.

According to ISPA, over 2.839 million tons of steel products were also exported in the mentioned year, registering an 18-percent decline year on year.

As ISPA data indicated, the exports of steel products, intermediate steel and sponge iron all declined last year, and despite significant output growth and the demand decline in domestic construction sector, the exports of the mentioned products did not increase due to the pandemic.

Iran is planning to produce 32 million tons of steel in the current Iranian calendar year (ends on March 2022) to register a 27.7 percent rise compared to the figure for the previous year.

Based on the Industry, Mining, and Trade Ministry data, Iranian steel companies managed to produce 28.374 million tons of steel in the previous Iranian calendar year.

According to the ministry’s programs for the current year, the production of 23 million tons of steel products has been also put on the agenda, while last year 25 million tons of such products were manufactured.

Sponge iron production is expected to reach 33 million tons in the current year to register a 2.5 million tons rise compared to the previous year’s 30.5 million tons.

Based on the Industry Ministry data, major Iranian steel producers managed to produce over 22.54 million tons of steel ingots in the previous calendar year, registering an eight percent rise year on year.

Mobarakeh Steel Company had the best performance with a production of 9.8 million tons of the mentioned product while the highest production growth was registered by Sirjan Steel World Company with 141 percent growth.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

The country produced 7.5 million tons of crude steel in Q1 2021, to maintain its place as the 10th biggest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA).

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The mentioned waiver will come into effect as of May 15, the report said.

The Industry Ministry had restricted the exports of steel products and obliged all steel producers to offer their products at Iran Mercantile Exchange (IME).

Iran’s export of steel during the previous Iranian calendar year 1399 (ended on March 20) declined 13.1 percent compared to the figure for the preceding year, data released by the Iranian Steel Producers Association (ISPA) showed.

Based on the mentioned data, over 2.839 million tons of steel products were exported in the mentioned year, registering an 18-percent decline year on year.

As ISPA data indicated, the exports of steel products, intermediate steel, and sponge iron all declined last year, and despite significant output growth and the demand decline in the domestic construction sector, the exports of the mentioned products did not increase due to the pandemic.

Based on the Industry Ministry data, major Iranian steel producers managed to produce over 22.54 million tons of steel ingots in the previous calendar year, registering an eight percent rise year on year.

Mobarakeh Steel Company had the best performance with a production of 9.8 million tons of the mentioned product while the highest production growth was registered by Sirjan Steel World Company with 141 percent growth.

The country’s major steel producers also manufactured 14.588 million tons of steel products last year to register a three-percent rise year on year.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

The country produced 7.5 million tons of crude steel in Q1 2021, to maintain its place as the 10th biggest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA).

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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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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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