Iran’s 11-Month Crude Steel Production : WSA

Iranian steelmakers cast over 26.3 million tons of crude steel during the first 11 months of 2020, marking a 12.7% rise compared to the figure for the same period last year, which was nearly 23.4 million tons. According to figures released by the World Steel Association (WSA), Iran produced more than 2.5 million tons of crude steel in November, showing a 14.1% increase compared to the figure for the same month in 2019, which was 2.2 million tons. China topped the list of crude steel producers in November, with an output of 87.6 million tons, while Iran ranked 11th.

Standing second to 10th on this list (for November) were, respectively, India (9.2 million tons), Japan (7.2 million tons), the US (6.1 million tons), Russia (5.8 million tons), South Korea (5.7 million tons), Vietnam (four million tons), Germany (3.3 million tons), Turkey (3.2 million tons) and Brazil (2.9 million tons), the report said.

Global steel production in November amounted to 158.2 million tons, showing a 6.6% increase compared to the figure for the same month of 2019, which was 148.4 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