The mentioned producers exported over 916,236 tons of steel in the third month of this year, which was 104 percent higher than the figure of the third month of the previous year, IRNA reported.

Meanwhile, the highest amount of steel exports was made by Khuzestan Steel Company with 523,321 tons, followed by Esfahan Steel Company with 315,844 tons and Mobarakeh Steel Company with 267,861 tons in the second and third places.

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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As reported by the Industry, Mining, and Trade Ministry, 265,000 tons of steel products were exported during the mentioned month of this year, while the figure was 84,000 tons in the first month of the previous year.

In early May, the ministry issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections.

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.

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).

According to the latest data released by the World Steel Association (WSA), Iran was ranked the world’s tenth-largest steel producer in the first three-month of 2021.

According to the WSA’s data, Iran produced 7.5 million tons of crude steel in Q1 2021, registering a 10.7 percent growth compared to the same period in 2020.

The Islamic Republic’s steel output stood at 2.6 million tons in March, indicating a 10.7 percent rise year on year.

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.

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IRAN NEWS ECONOMIC DESK

TEHRAN – The caretaker of Industry, Mine and Trade Ministry says industry sector of the country has grown positively 2.5 percent in the first quarter of the year and the country in terms of steel production is now ahead of countries like France and Italy.

Speaking in the inaugural ceremony of the second phase of South Kaveh Steel Company in Hormuzgan Province, Mr. Jafar Sarghini said that Iran’s steel production chain has increased from 123 tons in 2013 to 230m tons during the Hope and Prudence Government, adding that the capacity for producing raw steel has reached 37m tons due to endeavors of Iranian experts despite all cruel sanctions.

He added that Iran in steel production now ranks 10th in the world, adding that in the past years, the country has surpassed France and Italy in terms of steel production.

Sarghini added that steel production in the world witnessed 3.5 percent growth last year, adding that despite all sanctions and by reliance on the jihadi spirit, the raw steel production in the country has grown by 6.5 percent.

He added that in five years leading to 2012, the country used to export 22 to 23 million tons of raw iron ore but the figure increased to less than 4 million tons last year.

He added that in 2011, the country exported 1.5m tons of steel and in return it imported 6.5m tons of steel but last year, the country set a record in export of steel and it exported some 12m tons of different steel products, reiterating that the country just imported 200,000 to 300,000 tons of steel in the same period due to the completion of chains.

On the 2025 Outlook and the target for producing 55m tons of raw steel, he said currently, the country has 37m tons ready steel and 20 million tons are also in the works and it can definitely materialize the target of producing 55 million tons of steel by 2025.

Sarghini noted that steel industry has been indigenized and even the country has attained the technology of PERD.

He then pointed to some statistics regarding the production in the country in the first five months of the current year, saying that in petrochemicals, the country has posted 6.3 percent growth,  and also 42.5 percent growth in home appliances, 50 percent in aluminum, 8 percent in steel , 15 percent in cement and 1.5 percent in auto industry.

He reiterated that despite sanctions, the growth in the industry sector according to the Central Bank report has grown positively by 2.5 percent.

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IRAN NEWS ECONOMIC DESK

TEHRAN- Domestic production of 19,000 parts in the steel sector has saved the country €1.5 billion in 12 years, a director in Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.

Making the remarks in an IMIDRO’s meeting of training, research, and technology on Monday, Amir Khorramishad, the deputy director of the organization for planning affairs, said that while the sanctions have reduced the country’s foreign currency revenues, indigenizing the production of some products has increased, which means saving the foreign currency, ISNA reported.

While the U.S. unilateral sanctions on Iran in recent years have upset the Iranian industry in some sectors, the statistics indicate that the minerals sector has not been affected by the sanctions, while it’s been also improved.

The improvement is more noticeable in the steel sector, as according to the World Steel Association (WSA), Iran became the world’s tenth-largest steel producer in 2018.

Such progress in this sector is mainly the result of “indigenizing” approach, which is seriously followed up in all industrial sectors of the country.

In fact, indigenizing the technology of manufacturing required products, equipment, and machinery to attain self-reliance is the major economic approach of the country during the sanctions.

And in terms of steel, Industry, the Ministry of Industry, Mining and Trade has announced that the country has achieved proper self-reliance in this sector.

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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.

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A report published by the Iranian Steel Producers Association (ISPA) showed that total steel output in the country had surged in the three-month period ending June 20, to top 7.135 million tons, reported Press TV.

The surge came despite the 8.7 percent fall reported in the global production of the metal at the end of May which had come mainly as a result of the spread of the COVID-19 pandemic.

Iran closed down many steel mills in early March after the coronavirus pandemic imposed a lockdown on industrial and business activity.

However, breakdown figures by ISPA showed that Iranian mills pumped out 12 percent more steel slabs this year compared to the March-June period in 2019, to reach a total production of three million tons.

Production of billet and bloom decreased slightly, by three percent, over the three-month period as mills churned out a total of 4.1 million tons, added the report covered by the official IRNA news agency.

Moreover, the report said that Iran’s steel product output also increased between late March and late June, which corresponds to the first quarter of the Iranian fiscal year, to stand at 5.3 million tons.

Total production for sponge iron, also known as direct-reduced iron (DRI), also surged by 12 percent year-on-year in June, to top 8.1 million tons, it said.

The 10th largest producer of steel in the world, Iran eyes a slight increase in annual steel production in 2020 despite a projected fall in the global output because of the pandemic and also the fact that the country’s metals and mining sector remain under a series of US sanctions.

Iran cast a total of 28 million tons of steel in the year ending March 2019, of which just more than a fourth, around 8.5 million tons, was shipped to other countries.

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IRAN NEWS ECONOMIC DESK

TEHRAN –  Acting Minister of Industry, Mine and Trade says developmental projects in different sectors of industries and mines are underway despite all international sanctions and restrictions, and 200 industrial and mineral projects worth 170,000b tomans will come on stream by the yearend.

Hossein Modarres Khiabani said that several developmental projects in mining and industrial sectors are underway and it conveys a clear message that the country has not been negligent of its development and this is a good news for the people.

He also emphasized the necessity of informing the people of the latest production achievements of the country in different mining and industrial sectors, reiterating that the country has not fallen behind in development and implementing projects comparing to other states while the Coronavirus pandemic has affected the world and the Islamic Republic of Iran has a satisfactory record.

Modarres Khiabani noted that Iran is currently fighting with different viruses like sanctions, slump in oil price and COVID-19 but even in this tough condition, it signals a clear message that development in the country is underway and developmental affairs have not been halted.

He added that 200 projects will be launched and inaugurated under the campaign of “National Production, Sustainable Job and Constant Exports” and all will be inaugurated by the president. He noted that those projects with investments worth 170,000b tomans are to come on stream by the yearend.

Modarres Khiabani also said today the country needs exports and forex revenues more than ever and since the country has been administered by the non-oil exports revenue since the second half of last year, the ministry’s policy is to focus on providing the country with forex resulted from the non-oil exports, and steel and copper production chains can play a key role in materializing the target of the ministry.

He also pointed to $9b forex revenues from mineral and mining exports last year, adding that the ministry’s job is to protect mineral exports in the international market as well as monitoring the needs of the domestic market especially this year that the policy of the ministry is to strengthen exports.

Modarres Khiabani further said that one of the challenges ahead of national economy in the current condition is to create job, adding that exports, production and control of imports should lead to job creation and for this reason, attracting investors from the private sector in the developmental project is important and it should be pursued.

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