News ID: 233447
Published: 0417 GMT October 27, 2018

IMIDRO: Nine-month crude steel output increased 20%

IMIDRO: Nine-month crude steel output increased 20%

Domestic Economy Desk

Iran's crude steel production rose 20 percent during the first nine months of 2018, announced Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on Saturday quoting latest figures released by World Steel Association.

During January-September 2018, Iran's crude steel output stood at 18.52 million tons. The figure was 15.43 million tons in the same period last year, reported IRNA.

Based on WSA figures, Iran's production of the metal amounted to two million tons in September 2018; indicating a 4.3-percent growth compared to the figure for the same duration in 2017 which was 1.91 million tons.

During the first nine months of 2018, crude steel output of the world's top 64 steel reached 1.34 billion tons, showing a 7.4-percent increase against 1.25 billion tons for the same time-span a year ago.

Steel is among the development indices of a country, accounting for 43 percent of the total global trade in mining industries currently standing at $2 trillion.


Resource: IRNA
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