Iranian steelmaking keeps upward trend of production
WSA: Iran’s eight-month steel ingot output near 20m tons
By Reza Abesh Ahmadlou
Staff writer
Iranian steelmakers churned out 19.7 million tons of crude steel in the first eight months of 2023, according to statistics released by the World Steel Association (WSA) on Monday, indicating that the country stands at tenth place among steel producing countries.
Steel mills of the country kept the rising trend for the eight-month period despite a major drop in production during the summer due to problems in electricity supply.
The country’s steel ingot production for August 2023 registered a 24.1-percent shrinkage compared to the figure for August 2022.
World crude steel production for the 63 countries reporting to the association was 152.6 million tons in August 2023, a 2.2 percent increase compared to August 2022.
China produced 86.4 million tons in August 2023, up 3.2 percent over August 2022, while India produced 11.9 million tons of steel ingots last month, up 17.4 percent compared to the figure for last year, as Japan produced 7.1 million tons, down 2.9 percent compared to the same month last year.
The United States produced 7 million tons of crude steel in August, up 1.1 percent. Russia is estimated to have produced 6.4 million tons, up 8.9 percent. South Korea produced 5.6 million tons, down 5.9 percent.
The World Steel Association is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. The WSA represents steel producers, national and regional steel industry associations, and steel research institutes.
Members represent around 85 percent of global steel production.