News ID: 261674
Published: 0351 GMT November 16, 2019

Iran's seven-month sponge iron output tops 16m tons

Iran's seven-month sponge iron output tops 16m tons

Iranian major steelmakers produced 16.01 million tons of sponge iron during the first seven months of the current Iranian year (March 21-October 22) marking an eight-percent rise compared with last year's corresponding period.

The data were released in the latest report of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), reported.

Mobarakeh Steel Complex accounted for the largest share of the output with 4.05 million tons (down Six percent), followed by Khouzestan Steel Company with 2.33 million tons (up seven percent), Golgohar with 1.6 million tons, Hormozgan Steel Company with 950,736 tons (down five-percent), South Kaveh Steel Company with 885,034 tons (unchanged), Chadormalu Steel Company with 877,782 tons, Khorasan Steel Company with 815,308 million tons (up five percent), Saba Steel Complex with 689,689 tons (down two percent), Arfa Steel Company with 435,337 tons (down 17 percent) and Ghadir Iron and Steel Company with 423,653 tons (down 12 percent).

Other major producers included Sabzevar Steel Company with 442,276 tons, MIDHCO with 423,172 tons, Sefiddasht Steel Company with 415,797 tons, Neyriz Steel Complex with 362,530 tons, Shadegan Steel Complex with 360,808 tons, Mianeh Steel Complex with 338,560 tons, Saba Steel with 309,974 tons, Baft Steel Company with 245,954 tons and Esfahan Steel Company with 51,452 tons.

According to recent figures released by the World Steel Association (WSA), Iranian steelmakers cast 19.318 million tons of crude steel during the first nine months of 2019, marking a 6.04-percent increase compared to corresponding figure of 2018, which was 18.218 million tons.

The report added that Iran produced 2.13 million tons of crude steel in September, showing a 3.15-percent rise compared to the figure for the same month of 2018, which was 2.065 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.

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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