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Iran crude steel output falls by 12%

Business Materials 23 May 2015 11:47 (UTC +04:00)

Baku, Azerbaijan, May 23

By Umid Niayesh - Trend:

Some 1.275 million metric tons of crude steel were produced in Iran in April 2015, the World Steel Association said in its latest monthly report released May 22.

The figure indicates a fall by 12.4 percent compared to the same month of 2014.

About 5.364 million metric tons of crude steel were produced in Iran in the first four months of 2015, 3.4 percent more year on year.

Iran was the world's 14th biggest producer of steel in the 4-month period. The country also stood at the first place among the Middle East countries.

World crude steel production for the 65 countries reporting to the World Steel Association was 536.485 million metric tons in the four months, a 1.7 percent decrease compared to the same months of 2014.

The 65 countries included in the World Steel Association statistics accounted for approximately 98 percent of total world crude steel production in 2014.

China was the biggest crude steel producer in the world in the first four months of 2015 with about 270.1 million metric tons of production, followed by Japan (35.47 million metric tons), India (29.97 million metric tons), the US (26.34 million metric tons), Russia (24.3 million metric tons) and South Korea (22.7 million metric tons).

World crude steel production was 135.4 million metric ton in April 2015, a 1.7 percent decrease compared to April 2014.

The Islamic republic produced 16.331 million metric tons of crude steel in 2014.

Iran's crude steel production reached 15.421 million metric tons in 2013, which was 6.6 percent more than its preceding year.

Iran was the world's 15th biggest producer of steel in 2013.

The world's total crude steel output in 2014 was around 1.636 billion metric tons, which is 1.1 percent more than 2013.

Follow the author on Twitter: @UmidNiayesh

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