News ID: 254810
Published: 0325 GMT June 24, 2019

Iran’s five-month crude steel production tops 10m tons: WSA

Iran’s five-month crude steel production tops 10m tons: WSA

Iranian steelmakers cast 10.623 million tons of crude steel during the first five months of 2019, marking 5.5 percent of increase compared to corresponding figure of 2018, which was 10.07 million tons.

According to figures released by World Steel Association (WSA) on Monday, Iran produced 2.235 million tons of crude steel in May, showing a 3.8-percent rise compared to the figure for the same month of 2018, which was 2.153 million tons.

China topped the list of crude steel producers in the fifth month of 2019, with an output of 89.091 million tons.

India, Japan and the United States, with 9.196 million tons, 8.676 million tons and 7.653 million tons, respectively, were listed in second, third and fourth places, the report said.

Global steel production in May amounted to 162.744 million tons, showing a 5.4-percent rise compared to the corresponding figure of 2018 which was 154.46 million tons.

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

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 export figures 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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