Iran’s monthly steel output decreases by 4%
Baku, Azerbaijan, Nov. 21
By Fatih Karimov- Trend:
Some 1.38 million tons of crude steel were produced in Iran in October 2015, the World Steel Association said in its latest monthly report released Nov. 20.
The figure indicates a fall by 4.4 percent compared to the same month of 2014.
About 13.611 million tons of crude steel was produced in Iran in the first ten months of 2015, 0.7 percent more year-on-year.
Iran was the world's 14th biggest producer of steel in the 10-month period. The country also stood at the first place among the Middle East countries.
World crude steel production for the 66 countries reporting to the World Steel Association was 1.35 billion tons in the ten months, a 2.5 percent decrease compared to the same months of 2014.
The 66 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 ten months of 2015 with about 675.1 million tons of production, followed by Japan (87.8 million tons), India (75.1 million tons), the US (67.2 million tons), Russia (59.3 million tons) and South Korea (57.7 million tons).
World crude steel production was 133.64 million ton in Oct. 2015, a 3.1 percent decrease compared to Oct. 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.