Baku, Azerbaijan, Dec. 24
By Fatih Karimov – Trend:
Over 14.149 million tons of crude steel was produced in Iran during the first eight months of the current fiscal year (March 20-Nov. 22, 2017).
The figure shows a rise by 15 percent compared to the same period last year, the Iranian Steel Producers Association, said.
Iran’s privatized (state-run companies which recently have been handed over to the private sector) steel companies produced 10.486 million tons of crude steel during the period, meanwhile output of the private sector producers stood at 3.663 million tons.
Iranian steel producer companies also produced about 12.993 million tons of various steel products including beam, wide sheets, hot rolled sheets, galvanized steel and tubes during the 8-month period, indicating a rise by 9 percent compared to 11.915 million tons of products in the same period of the preceding year.
The privatized steel companies produced 7.798 million tons of steel products, meanwhile the share of the private sector producers stood at 5.195 million tons.
Iran exported 4.225 million tons of crude steel (84 percent increase year-on-year) and 940,000 tons of various steel products (35 percent fall) in the first eight months of current fiscal year.
The country also imported 1.491 million tons of steel products in the 8-month period, 26 percent less year-on-year. Meanwhile 33,000 tons of crude steel was imported in the same eight months (80 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.