Iran increases steel output

Baku, Azerbaijan, June 27

Trend:

Steel output in Iran witnessed an increase by 12.4 percent in May 2018, according to the latest data released by the World Steel Association.

Iranian crude steel production stood at 2.015 million tons, 3 percent more compared to the preceding month.

Iran’s crude steel output amounted to 10.142 million tons in January-May 2018, 24.3 percent more compared to the first five months of 2017.

Iran was the world’s 11th biggest producer of steel in January-May 2018, while it ranked second in the region after Turkey with 15.85 million tons of output (4.3 percent more year-on-year).

The country’s total steel output reached 21.726 million tons in 2017, 21.4 percent more year-on-year.

The Islamic Republic’s steel output in 2016 hit 17.895 million tons. The country’s steel output in 2015 stood at 16.11 million tons. Iran produced 16.331 million tons of crude steel in 2014.

According to the World Steel Association, 729.216 million tons of steel was produced by 64 countries in 2018, 4.3 percent more year-on-year.

The 64 countries included in the report accounted for approximately 99 percent of total world crude steel production.

China was the biggest crude steel producer in the world in January-May 2018 with about 369.86 million tons of production, followed by Japan (44.22 million tons), India (44.12 million tons), the US (34.85 million tons), Russia (30.03 million tons), South Korea (29.94 million tons), Germany (18.69 million tons), Turkey (15.85 million tons) and Brazil (14.27 million tons).

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