Baku, Azerbaijan, Aug. 23
By Fatih Karimov – Trend:
Over 10.101 million tons of crude steel were produced in Iran during the first seven months of 2016, the World Steel Association said in its latest monthly report.
The figure indicates an increase by 4.7 percent compared to the same period of 2015 (9.645 million tons).
About 1.351 million tons of crude steel was produced in Iran in July 2016, or 6.2 percent more year-on-year.
Iran was the world’s 14th biggest producer of steel in the 7-month period. The country also ranked first among the Middle East countries.
World crude steel production for the 66 countries reporting to the World Steel Association was 929.633 million tons in seven months, a 1.2 percent decrease compared to the same months of 2015.
The 66 countries included in the World Steel Association statistics accounted for approximately 99 percent of total world crude steel production in 2015.
China was the biggest crude steel producer in the world in the first seven months of 2016 with about 466.516 million tons of production, followed by Japan (60.935 million tons), India (54.958 million tons), the US (46.932 million tons), Russia (41.398 million tons) and South Korea (39.368 million tons).
World crude steel production was 133.742 million tons in July 2016, a 1.4 percent decrease compared to July 2015.
The Islamic Republic’s steel output throughout 2015 is estimated to have hit 16.11 million tons. This in its own turn shows a decline of 1.4 percent year-on-year.
Iran also produced 16.331 million tons of crude steel in 2014.
The country’s crude steel production reached 15.421 million tons in 2013, which was 6.6 percent more than its preceding year.