Iran gains 11% of growth in steel production

Iran has produced some 7.2 million tons of steel products in the first 4 months of the Iranian calendar (started on March 21) indicating an 11.6% growth compared with the output of the same period last year.

Iran Press/Iran news: The Iranian Ministry of Industry, Mine and Trade said on Monday that in the first 7 months of this year, Iran has produced some 14.988 million tons of unprocessed steel which suggests a 6.4 percent growth compared to figures from the same period last year (14.091 million tons.

Iran has produced some 2.2 million tons of unprocessed steel in July 2019 which shows an 11.1 percent growth compared to figures from the same month last year (1.981 million tons) the Ministry said in the statement.

Earlier this month, data published by Iran’s Association of Steel Producers showed that total steel imports into the country had decreased to 95,000 tons between late March and late June this year, down from 293,000 tons in the similar period in 2018.

The data covered in the report showed that raw steel imports declined nearly 83 percent to stand at 1,000 tons this June, while imports of long steel products like bars and rods were down 37 percent at 27,000 tons.


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