Iran Steel Output Up by 5.9% in H1 2024

The latest monthly report by the World Steel Association (WSA) indicated that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year.

According to the report, Iran remained on the nineth place of the world steel producers in the six-month period, IRNA reported. In May, the WSA published its report which put Iran on the seventh ranking of world steel producers in May while the country’s five-month ranking was ninth, which was largely due to restrictions on gas supply during the first months of 2024.

The global steel output hit 161.4 million mts in June which is 0.5% more than figures reported in last year’s corresponding month, according to the latest report by the association. It also said that Turkey, India, and Iran saw 16.9%, 7.4% and 5.9% increases, respectively to register the biggest rises among the top producing countries in June. - Iran Daily