WSA: Iran among top 10 crude steel producers despite power cuts
Iranian steelmakers churned out 21.3 million tons of crude steel in the first nine months of 2024, according to statistics released by the World Steel Association (WSA) on Tuesday, indicating that the country ranks 10th among steel producing countries despite power cuts ordered for industries over the summer months.
The nine-month steel ingot production of Iranian mills indicated 3.1 percent of drop compared to the corresponding figure in 2023.
The country’s steel ingot production for September 2024 hit 1.5 million tons, registering a 41.2-percent drop compared to the figure for September 2023.
World crude steel production for the 71 countries reporting to the association was 143.6 million tons in September 2024, a 4.7-percent decrease compared to September 2023.
China produced 77.1 million tons in September 2024, down 6.1% over September 2023, while India produced 11.7 million tons of steel ingots last month, down 0.2% compared to the figure for last year, as Japan produced 6.6 million tons, down 5.8% compared to the same month last year. The United States produced 6.7 million tons of crude steel in September, up 1.2%. Russia is estimated to have produced 5.6 million tons, down 10.3%. South Korea produced 5.5 million tons, up 1.3%.
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.