Iran’s crude steel output increases by 13% in May

Business Materials 29 June 2016 13:49 (UTC +04:00)

Baku, Azerbaijan, June 29

By Fatih Karimov – Trend:

Over 7.216 million tons of crude steel were produced in Iran during the first five months of current year, the World Steel Association said in its latest monthly report.

The figure indicates an increase by 3.9 percent compared to the same period of 2015 (6.944 million tons).

About 1.645 million tons of crude steel was produced in Iran in May 2016, or 13 percent more year-on-year.

Iran was the world’s 14th biggest producer of steel in the 5-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 658.23 million tons in the 5 months, a 2.2 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 five months of 2016 with about 329.95 million tons of production, followed by Japan (43.18 million tons), India (38.599 million tons), the US (33.07 million tons), Russia (29.16 million tons) and South Korea (27.891 million tons).

World crude steel production was 139.154 million tons in May 2016, a 0.1 percent decrease compared to May 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.