Iran’s Two-Month Crude Steel Up Nearly 12%: WSA

Iranian steelmakers cast 5.3 million tons of crude steel in the first two months of 2022, marking an 11.8% increase compared to the corresponding figure for 2021, according to figures released by the World Steel Association (WSA). China topped the list of crude steel producers in the first two months of the current year, with an output of 158 million tons, while Iran stood at tenth place.
India, Japan, the United States, Russia, South Korea, Germany, Turkey and Brazil, with 20.9 million tons, 15.1 million tons, 13.4 million tons, 12.4 million tons, 11.2 million tons, 6.5 million tons, 6.1 million and 5.6 million tons, respectively, were listed in second to ninth places, the report said. Global steel production in February amounted to 142.7 million tons, showing a 5.7% of drop compared to the corresponding figure of 2021. Iranian steelmakers churned out over 28.5 million tons of crude steel in 2021, according to statistics released by the WSA in January. The statistics show a 1.8% drop for Iran compared to the corresponding figure of 2020, which stood at 29 million tons. 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 the exports figure expected to reach 10-15 million tons. The World Steel Association 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