WSA Reports Increase in Iran’s Crude Steel Production

Iranian steelmakers produced over 18.6 million tons of crude steel during the first eight months of 2020, marking an 11.2% rise compared to the figure for the same period last year, which was 16.7 million tons. According to figures released by the World Steel Association (WSA), Iran produced 2.4 million tons of crude steel in August, showing a 14.6% increase compared to the figure for the same month in 2019, which was 2.09 million tons. China topped the list of crude steel producers in August, with an output of 94.8 million tons while Iran ranked 10th.

Standing second to ninth in this list were, respectively, India (8.4 million tons), Japan (6.44 million tons), South Korea (5.8 million tons), the US (5.58 million tons), Russia (5.55 million tons), Turkey (3.23 million tons), Germany (2.83 million tons) and Brazil (2.7 million tons), the report said. Global steel production in August amounted to 156.24 million tons, showing a 0.55% increase compared to the figure for the same month of 2019, which was 155.37 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.

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