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Iran’s crude steel output rises 9% in 4 months on year

Hellenicshippingnews - Production of crude steel in Iran increased nine percent during the first four months of the current Iranian calendar year (March 20-July 21) from the figure of the same period of time in the past year, IRIB reported on Monday.

Iranian steel producers produced 9.483 million tons of crude steel during the four-month period of this year, rising from 8.683 million tons produced in the same time span of the previous year.

According to a report released by the World Steel Association (WSA), Iran’s crude steel production increased by 30 percent in 2019 while the average global growth in this sector stood at 3.5 percent.

Based on the WSA’s report, Iran produced 31.9 million tons of the mentioned commodity during 2019, while the figure was 24 million tons in 2018.

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

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