Iran’s crude steel output hits 11 M tons
Baku, Azerbaijan, Dec. 22
By Umid Niayesh - Trend:
Over 11.2 million metric tons of crude steel were produced in Iran during the first eight months of current Iranian fiscal year (March 21-Nov. 22).
The figure is 6.8 percent more compared the same months of preceding year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said on Dec. 21.
The country's crude steel production stood at 1.46 million metric tons in eighth Iranian calendar month of Aban (Oct. 22-Nov. 22).
A major raw steel producer of Iran, Mobarakeh Steel Company produced 3.7 million metric tons of crude steel during the period, followed by the Khuzestan Steel Company with about 2.2 million metric tons and the Isfahan Foundry with 1.8 million metric tons.
Iranian companies also produced 11.656 million metric tons of steel products during the 8-month period. The figure indicates a 4.8 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.
Iran produced 15.6 million metric tons of crude steel during the last fiscal year (ended on March 21), 8.8 percent more in comparison with preceding year.
Islamic Republic's steel products output also stood at 16.5 million metric tons in last fiscal year, indicating a 5 percent decrease year on year.
The World Steel Association reported that about 14.97 million metric tons of crude steel were produced in Iran during the first eleven months of current year or by 6.4 percent more compared to the same period of 2013.
The country ranked 14th among the world's 65 steel producers in terms of production in the first eleven 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).
Umid Niayesh is Trend Agency's staff journalist, follow him on Twitter: @UmidNiayesh