News ID: 213935
Published: 0225 GMT April 25, 2018

WSA: Iran's three-month steel output up 47%

WSA: Iran's three-month steel output up 47%

Iran produced 6.8 million tons of crude steel during the first three months of 2018, showing a rise of 47 percent compared with the figure for the same period in 2017, which was 4.6 million tons.

According to figures released by World Steel Association (WSA) on Wednesday, China topped the list of crude steel producers during the period with 212.1 million tons.

Based on the report, the second to tenth places went to India, Japan, the US, South Korea, Russia, Germany, Turkey, Brazil and Taiwan with 26.7 million tons, 26.4 million tons, 20.7 million tons, 17.8 million tons, 16.5 million tons, 11 million tons, 9.5 million tons, 8.6 million tons and 5.7 million tons respectively.

In March, Iran produced 2.35 million tons of crude steel, which is 43.7 percent higher than the figure for the same month of 2017, which was 1.635 million tons.

World crude steel production reached 426.5 million tons for the first three months of 2018 — up 4.4 percent compared to the related amount for 2017, which was 408.5 million tons.

According to the Islamic Republic's Vision Plan, the country's total steel production capacity is to hit 55 million tons a year by 2025, with an expected exports figure of 10-15 million tons.

The World Steel Association (WSA) is one of the largest and most dynamic industry associations in the world. WSA members represent approximately 85 percent of the world's steel production, including over 150 steel producers with nine of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.

   
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