News ID: 238965
Published: 0411 GMT February 16, 2019

Iran 10-month sponge iron production over 21m tons

Iran 10-month sponge iron production over 21m tons

Iran produced over 21 million tons of sponge iron during March 21, 2018-January 20, 2019 showing a 27-percent increase compared to figure for the same period of the preceding year.

According to IRNA, 2.145 million tons of sponge iron were produced during December 22, 2018-January 20, 2019, recording a 29-percent growth against the figure for the same period a year earlier.

Based on statistics, Iran produced 25.54 million tons of sponge iron in 2018 showing an increase of 31.6 percent compared to the output for 2017.

World Steel Association (WSA) announced on January 25 that Iran ranked 10th among crude steel producers last year with 25 million tons of production.

Its figures show a 17.72-percent rise for Iran compared to the figure for 2017 which was 21.24 million tons.

Iran ranked 14th among steelmakers in the world in 2017.

According to WSA report, China topped the list of crude steel producers in 2018 with 928.26 million tons.

The report further listed the second to ninth rankings as: India, Japan, the US, South Korea, Russia, Germany, Turkey and Brazil with production at 106.46 million tons, 104.33 million tons, 86.7 million tons, 72.46 million tons, 71.68 million tons, 42.44 million tons, 37.31 million tons and 34.73 million tons respectively.

World crude steel production reached 1.789 billion tons for 2018 — up 4.5 percent compared to the amount for 2017, which was 1.712 billion 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 exports figure expected to reach 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 producers, 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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