Iran’s monthly steel production grows over 7%: WSA
Iran’s production of steel in November 2023 registered a 7.6 percent growth compared to the same month last year, according to figures released by the World Steel Association (WSA).
The 71 major steelmakers in the world produced more than 145.5 million tons of crude steel in November 2023, showing a 3.3 percent hike compared to November 2022.
Iranian steelmakers churned out three million tons of crude steel in November 2023, indicating a 7.6 percent hike compared to November 2022.
Iran ranked 10th in the world in November 2023, the report added.
Major steelmakers in the world produced more than 1.71 billion tons of crude steel from January to November 2023, showing a 0.5 percent growth compared to a year earlier.
According to the association, Iran produced 28.1 million tons of crude steel from January to November 2023, indicating a 0.6 percent hike compared to the same period last year.
Iran’s export of steel products in the first six months of the current Iranian year (March 21-September 22) registered a 20 percent growth compared to the same period last year, according to figures by the Iranian Steel Producers Association (ISPA).
According to statistics, the export of iron beam has increased from 56,000 tons in the first six months of previous Iranian year to 90,000 tons during the six months to September 22, 2023, showing a 60.7 percent growth. In addition, the export of rebar has dropped from 1.137 million tons to 1.123 million tons in the six month period, ISPA added.
Iran exported 874,000 tons of sponge iron during H1 of the current Iranian year, 312,000 tons more than the corresponding figure for last year.