Iranian producers churned out 19.64 million tons of steel ingots (bloom, billet and slab) during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), indicating a five-percent rise year-on-year, according to figures by the Iranian Steel producers Association (ISPA).
Iran’s production of raw steel ingot and steel products during March 21-October 22, 2019, grew five percent and seven percent, respectively, compared to the figures for the same period last year, according to statistics by the Iranian Steel Producers Association (ISPA).
Iranian produced 9.4 million tons of direct-reduced iron (DRI) also known as sponge iron during March 21-July 22, which marks 10 percent of growth compared to related figure of preceding year which was 8.602 tons.
Iranian steelmakers cast 5.27 million tons of steel products during the first three months of current Iranian year (March 21-June 21), which marks 15.6 percent of growth compared to corresponding figure of last year which was 4.56 million tons.
Iran has the capacity to export between nine million tons to 10 million tons of steel by March 2019 if the outcomes of plans are favorable and conditions are ripe for exports, said the head of the Iranian Steel Producers' Association (ISPA).