Iran’s Steel Output Up 27% in Month: WSA

The World Steel Association (WSA) in its latest report announced that Iran’s steel production has registered a 27% growth in the 6th Development Plan (March 2017-2022) month of 1401 (March 2022-23). European Union’s steel production volume decreased by 17% due to the energy crisis overshadowing the member states of the Union. The Islamic Republic of Iran produced 2.7 million tons of steel on Sept. 22, showing a 26.7% hike as compared to the last year’s corresponding period. As all the first 10 steel-producing countries in the world faced a production slump in the reported period, the three countries including Iran, India and China registered a production boom, so Iran accounted for the maximum steel production output in this period. Other statistics indicated that Iran produced 22.2 million tons of steel in the nine months of the current year in 2022 (from Jan. to Sep.), showing a 9.8% increase as compared to the same period of last year. According to the World Steel Association, Iran produced 28.5 million tons of steel in 2021, showing a 1.8% decrease as compared to a year earlier. - Mehr