ISPA: Steel industry fetches over $5.3b as exports surge
The Iranian Steel Producers Association (ISPA) reported on Tuesday that the value of exports for products in the country's iron and steel chain surpassed $5.3 billion in the first eight months of the current Iranian calendar year (started March 21, 2025), and registered a 27-percent growth.
According to the association, more than $5.3 billion worth of iron and steel products was exported from the country between March 21 and November 22, 2025.
The report said the total export volume of the entire steel chain increased by 41 percent and the total volume of export of iron ore concentrate indicated a 77 percent rise in the same period.
The value of exports of all types of steel sheets almost tripled, reaching approximately $500 million.
Iran possesses abundant raw materials, ranking among the world’s top 10 for both iron ore reserves and steel production capacity.
Iran dominates West Asian steel output at 61.1% of the region's 5.4 million tons in October 2025, fueled by direct reduced iron-electric arc furnace processes that comprise 90% of capacity. First-half 2025 (Iranian year) hit nearly 15 million tons, up 3.2%, despite energy challenges like power cuts, with rebar and iron ore concentrate showing strong growth. Annual output exceeded 30 million tons in 2024, targeting 55 million by 2030 via efficient tech.
In 2025's World Steel in Figures, Iran placed 10th with 31.4 million tons projected, reflecting resilience under sanctions through export focus and regional primacy. Projections estimate 3.6 million tons monthly by 2026, solidifying Iran's Middle East leadership, with finished products, including slabs, hot-rolled coils, and rebars, being major exports to markets in the West Asia, Asia, and Africa.