Steel production to increase by 15m tons: MSC
Thanks to enormous investments made in Iran’ steel industry, the current capacity of 45 million tons of steel production in the country will reach 60 million tons in the next two years, announced the managing director of Mobarakeh Steel Company (MSC).
Mohammad-Yasser Tayyebnia described the asymmetric growth and lack of balance in the steel production chain as the most important challenge facing the industry, and said our strategy to deal with the challenge is to develop human capital, improve productivity, sustainable social-economic development and become a green industry, IRNA reported.
“Another strategy is the development of technology and innovation, which are not specific to MSC and can be used in all countries.”
The World Steel Association (WSA) in its latest report said Iran produced 22.1 million tons of crude steel in the first nine months of 2023.
According to the report, major steel production companies in the world produced more than 1.4 billion tons of crude steel from January to September 2023, showing a 0.1 percent decline compared to the same period last year.
It said Iran’s steel production volume, from January to September 2023, reached 22.1 million tons.
The 63 major steel production companies in the world produced 149.3 million tons of crude steel in September 2023, registering a 1.5 percent decline compared to the corresponding period last year.
Iran churned out 2.4 million tons of crude steel in September 2023, retaining its 10th rank in the world.
The World Steel Association reported that China produced 795.1 million tons of crude steel in the nine-month period, clinching the first rank in the world, followed by India, Japan, the United States, and Russia, respectively.