Iran’s 10-Month Crude Steel Output Rises

Iranian steel mills produced a total of 25.1 million tons of crude steel during January-October, registering a 9% rise compared with the corresponding period of 2021, the latest data released by the World Steel Association show. Iran's October output hit 2.9 million tons, registering a 3.5% year-on-year rise. In terms of world ranking, Iran maintained its global standing as the world’s 10th biggest crude steelmaker. China was the world’s largest producer during the 10-month period with 860.6 million tons of steel output, down 2.2%. It was followed by India with 103.8 million tons (up 6.1%), Japan with 75.2 million tons (down 6.5%), the United States with 68.1 million tons (down 4.8%), Russia with 60.4 million tons (down 6.6%), South Korea with 55.7 million tons (down 5%), Germany with 31.4 million tons (down 6.9%) and Turkey with 30.2 million tons (down 5.2%). – Financial Tribune