News ID: 239478
Published: 0432 GMT February 26, 2019

WSA: Iran's January steel production over 2m tons

WSA: Iran's January steel production over 2m tons

Iran produced 2.23 million tons of crude steel in January, showing a 2.57-percent decline compared to the figure for the same month of 2018, which was 2.289 million tons.

According to figures released by World Steel Association (WSA) on Tuesday, China topped the list of crude steel producers during the first month of 2019 with an output of 75.01 million tons.

India, Japan and the United States with 9.18 million tons, 8.14 million tons and 7.64 million tons respectively were listed in second, third and fourth places, the report said.

Global steel production in January amounted to 146.7 million tons showing a 0.16-percent rise compared to the output for December of 2018 which was 146.46 million tons.

Iran ranked 10th among global crude steel producers last year with 25 million tons of production, according to figures released by WSA last month.

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

Iran was the 14th steelmaker of the world in 2017.

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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