Steel ingot exports increase 25% in one year
TEHRAN – Iran’s exports of steel ingots have increased by 25% in the last Iranian calendar year 1400 (ending March 20), compared to the previous year, the Iranian Development and Renovation Organization has announced. of mines and mining industries (IMIDRO).
IMIDRO data puts the country’s annual steel ingot exports at 7.678 million tonnes last year and 6.162 million tonnes the previous year.
Iran’s steel industry has grown steadily over the past few years against all the pressures and obstacles created by external forces such as US sanctions and the coronavirus outbreak which have severely affected the performance of the world’s major producers.
Iran’s crude steel production increased by 11.8% in the first two months of 2022, while production of the world’s 64 major steelmakers fell by 5.5%, according to the latest report from the World Steel Association ( WSA).
Iran was ranked first among the world’s major steel producers in terms of production growth, followed by India, Germany, Russia and the United States.
According to the report, Iran produced 5.3 million tons of crude steel in the mentioned two months.
The country’s crude steel output in February stood at 2.5 million tonnes, also 3.7 percent higher than the same month in 2021.
According to the World Steel Association, as in the past two years, Iran has maintained its 10th place among the world’s leading steel producers, after countries such as China, India, Japan and Russia.
The country is expected to climb to seventh place among the world’s top steel producers by the Iranian calendar year 1404 (March 2025).