WSA Announces Rise in Iran’s 5-Month Crude Steel Output

Iranian steelmakers produced 11.44 million tons of crude steel during the first five months of 2020, marking an 11.1% rise compared to the corresponding figure for 2019, which was 10.29 million tons. According to figures released by the World Steel Association (WSA), Iran cast 2.35 million tons of crude steel in May, showing an 8.9% increase compared to the figure for the same month of 2019, which was 2.16 million tons. China topped the list of crude steel producers in the fifth month of 2020, with an output of 92.26 million tons, while Iran stood at eighth place.

Russia, Japan, India, South Korea, United States, Germany with 6 million tons, 5.19 million tons, 5.76 million tons, 5.38 million tons, 4.79 million tons and 2.85 million tons, were listed in second to seventh places, the report said. Global steel production in May amounted to 148.77 million tons, showing an 8.73% decrease compared to the corresponding figure of 2019, which was 163 million tons. Iran produced 31.9 million tons of crude steel in 2019, according to figures released by WSA in January.

According to the Islamic Republic’s Vision Plan, the country’s total steel production capacity is to hit 55 million tons a year by 2025, with export figures expected to reach 10-15 million tons. The World Steel Association (WSA) is one of the largest and most dynamic industry associations in the world. WSA members represent approximately 85% 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. - Iran Daily