Iran’s crude steel output increases by 7%
Baku, Azerbaijan, Nov. 23
By Umid Niayesh - Trend:
Over 9.806 million metric tons of crude steel were produced in Iran during the first seven months of current Iranian fiscal year (March 21-Oct. 22) or by 6.9 percent more year on year.
The country's crude steel production stood at 1.45 million metric tons in seventh Iranian calendar month of Mehr (Sept. 22-Oct. 22), which indicates a 5.1 percent increase compared to the same period of the previous year, Iran's ISNA news agency reported Nov. 23.
A major raw steel producer of Iran, Mobarakeh Steel Company produced 3.207 million metric tons of crude steel during the period, followed by the Khuzestan Steel Company with about 1.961 million metric tons, the Isfahan Foundry with 1.648 million metric tons, Hormozgan Steel Company (666,806 metric tons) and Saba Steel Company (456,083 metric tons).
Iranian companies also produced 10.25 million metric tons of steel products during the 7-month period. The figure indicates a 5.3 percent growth compared to the same months of last year.
The country's steel products output during the seventh calendar month stood at 1.405 million metric tons or by 3.5 percent more compared to the same month of the previous year.
The World Steel Association reported that about 12.1 million metric tons of crude steel were produced in Iran during the first nine months of current year or by 6.6 percent more compared to the same period of 2013.
The country ranked 15th among the world's 65 steel producers in terms of production in the first nine months of 2014.
Iran's crude steel production reached 15.421 million metric tons in 2013, which is 6.6 percent more than its preceding year. Iran was the world's 15th biggest producer of steel in 2013, according to the World Steel Association.
Over 1.582 billion metric tons of crude steel were produced in the world in 2013.
The country plans to increase its annual steel output to 55 million metric tons by the end of the Fifth Five-Year Development Plan (2015).