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Iran’s steel output to surpass double domestic needs by next year
Iran’s Minister of Industry, Mine and Trade Mohammad Atabak said that by the end of the next Iranian year (to begin on March 20, 2025), the country’s steel production capacity will surpass 50 million tons, building up more than double the domestic requirement.
The minister hailed the country’s rapid progress in developing strategic industries and mentioned steel as one of these strategic sectors, Tasnim reported.
Atabak pointed out that the industry has already hit the next Iranian year’s target ahead of schedule, “with current production at 45 million tons effectively doubling the country’s operational capacity.”
According to the minister, steel production will cross the threshold of 50 million tons by the close of the next year.