Iran’s five-month steel products up 8%
Iranian steelmakers cast 6.68 million tons of steel products during the first five months of the current Iranian year (March 21-August 22), registering an eight percent rise compared to the corresponding figure of last year, which was 6.18 million tons.
According to figures by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the steel products included round bars, steel beams, coils, profiles, sheets and pipes, according to IRNA.
IMIDRO statistics also indicated that a sum of 1.19 million tons of steel products was made by Iranian steel complexes during the month to August 22, up two percent compared to the related figure for last year, which was 1.17 million tons.
The country also churned out 9.67 million tons of steel ingots during the first five months of the current Iranian year, while the corresponding figure for the preceding year was 9.57 million tons.
Iranian steelmakers produced 19.7 million tons of crude steel in the first eight months of 2023, according to recent statistics released by the World Steel Association (WSA), 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 the electricity supply.
The country’s steel ingot production up to August 2023 registered a 24.1 percent shrinkage compared to the figure for August 2022.