Baku, Azerbaijan, Aug. 13
By Fatih Karimov– Trend:
Over 5.312 million tons of crude steel was produced in Iran during the first three months of the current fiscal year (March 20-June 21, 2017).
The figure shows a rise by 13 percent compared to the same period last year, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), said.
The country’s crude steel output stood at 1.792 million tons in the third Iranian calendar month (May 21-June 21).
Iran’s privatized (state-run companies which recently have been handed over to the private sector) steel companies produced 4.097 million tons of crude steel during the period, meanwhile output of the private sector producers stood at 1.215 million tons.
Iranian steel producer companies also produced about 4.87 million tons of various steel products including beam, wide sheets, hot rolled sheets, galvanized steel and tubes during the 3-month period, indicating a rise by 13 percent compared to 4.308 million tons of products in the same period of the preceding year.
The privatized steel companies produced 2.856 million tons of steel products, meanwhile the share of the private sector producers stood at 2.014 million tons.
Iran exported 1.695 million tons of crude steel (67 percent increase year-on-year) and 300,000 tons of various steel products (58 percent fall) in the first three months month of current fiscal year.
The country also imported 623,000 tons of steel products in the 3-month period, 14 percent less year-on-year. Meanwhile 6,000 tons of crude steel was imported in the same three months (81 percent fall).
Based on a 2025 outlook, Iran’s steel output is to reach 55 million tons, 15 million of which should be exported. For the current Iranian year, it is predicted that Iran will produce 18 million tons of steel, exporting 6 million tons of it.