WSA: Iran’s crude steel output hits 25m tons in 10 months
By Reza Abesh Ahmadlou
Staff writer
Iranian steelmakers churned out 25 million tons of crude steel in the first 10 months of 2024, according to 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 10-month period with a 0.6-percent rise compared to the same period in the previous year amid a major drop in production during the summer due to shortages in power supply.
The country’s steel ingot production for October 2024 hit 3 million tons, registering a 1.9-percent shrinkage compared to the figure for October 2023.
World crude steel production for the 71 countries reporting to the association was 151.2 million tons in October 2024, a 0.4-percent increase compared to October 2023.
China produced 81.9 million tons in October 2024, up 2.9 percent over October 2023, while India produced 12.5 million tons of steel ingots last month, up 1.7 percent compared to the figure for last year, as Japan produced 6.9 million tons, down 7.8 percent compared to the same month last year.
The United States produced 6.6 million tons of crude steel in August, down 2 percent. Russia is estimated to have produced 5.6 million tons, down 15.2 percent. South Korea produced 4.5 million tons, down 18.3 percent.
Germany stood at seventh place among global steelmakers in October with 3.2 million tons, registering 14.7 percent of rise compared to related figure of last year, followed by Brazil and Turkey with 3.1 million tons and 3 million tons of output, respectively.
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 the world’s steel production.