...

Iran’s crude steel output increases by 11% in Jan.

Business Materials 23 February 2017 13:34 (UTC +04:00)

Baku, Azerbaijan, Feb. 23

By Fatih Karimov – Trend:

Over 1.52 million tons of crude steel was produced in Iran in January 2017, the World Steel Association said in its latest monthly report.

The figure indicates an increase by 11.3 percent compared to the same month of 2016 (1.365 million tons).

Iran was the world’s 13th biggest producer of steel in the one-month period. The country also ranked first among the Middle East countries.

World crude steel production for the 67 countries reporting to the World Steel Association was 136.514 million tons in January, a 7 percent more compared to the January 2016.

The 67 countries included in the World Steel Association statistics accounted for approximately 99 percent of total world crude steel production in 2016.

China was the biggest crude steel producer in the world in the first month of 2017 with about 67.2 million tons of production, followed by Japan (9 million tons), India (8.4 million tons), the US (6.874 million tons), Russia (6.182 million tons) and South Korea (5.86 million tons).

The crude steel capacity utilisation ratio of the 67 countries in January 2017 was 68.5 percent. This is 3.4 percent higher than in January 2016. Compared to December 2016, it is 0.9 percent higher.

The Islamic Republic’s steel output throughout 2016 is estimated to have hit 17.895 million tons. This in its own turn shows an increase of 10.8 percent year-on-year.

The country’s steel output in 2015 stood at 16.11 million tons, 1.4 percent less 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.

Tags:
Latest

Latest