Baku, Azerbaijan, Feb. 19
By Fatih Karimov – Trend:
About 15.405 million tons of crude steel was produced in Iran during the ten-month period from March 20, 2016 to Jan. 20, 2016.
The figure shows a rise by 10 percent compared to the same period last year, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), said Feb. 19.
Iran’s privatized(state-run companies which recently have been handed over to the private sector) steel companies produced 11.983 million tons of crude steel during the period, meanwhile output of the private sector producers stood at 3.422 million tons.
Iranian steel producer companies also produced about 15 million tons of various steel products including beam, wide sheets, hot rolled sheets, galvanized steel and tubes during the 10-month period of the current year, indicating a slight rise by 1 percent compared to 14.871 million tons of products in the same period of the preceding year.
Iran exported 2.844 million tons of steel ingot(110 percent more year-on-year) and 1.582 million tons of steel products(12 percent fall) during the period.
Iran’s crude steel import also stood at 186,000 tons, indicating an increase by 130 percent compared to the first ten months of preceding year.
The country’s steel products’ import reached 2.485 million tons, 26 percent less year-on-year.
Based on a 2025 outlook, Iran’s steel output is to reach 55 million tons, 15 million of which should be exported. For the current Iranian year, it is predicted that Iran will produce 18 million tons of steel, exporting 6 million tons of it.