Latest data released by the World Steel Association show Iran’s steel output has declined, yet the country’s world standing remains unchanged.
Iranian steel mills produced a total of 22.4 million tons of crude steel in the first 10 months of 2021, which indicate a 5.7% decline compared with the corresponding period of 2020.
As per the t report released by the World Steel Association, Iran's October output hit 2.2 million tons, down 15.3% year-on-year.
Despite the decline in output, Iran maintained its global status as the world’s 10th biggest crude steel manufacturer.
China was the world’s largest crude steel producer in the 10-month period with 877.1 million tons of steel output, down 0.7% YOY.
It was followed by India with 96.9 million tons (up 20.6%), Japan with 80.4 million tons (up 17.5%), the United States with 71.7 million tons (up 19.6%), Russia with 62.5 million tons (up 5.7%), South
Korea with 58.7 million tons (up 5.9%), Germany with 33.6 million tons (up 15.1%) and Turkey with 33.3 million tons (up 14.2%).
Iran is placed after Brazil (ninth) with 30.3 million tons (up 19.1% YOY).
The world’s 64 steelmakers produced 1.61 billion tons of steel over the 10 months under review, up 5.9% YOY. States located in Asia and Oceania collectively produced 1.17 million tons of the total.
The Middle East produced 33 million tons of crude steel in the 10 months under review, posting a decrease of 1.5% compared with the same period of last year.
Global steel output also experienced a 10.6% decline in October to 145.7 million tons.
Crude steel is defined as steel in its first solid (or usable) form: ingots and semi-finished products (billets, blooms and slabs). This is not to be confused with liquid steel, which is steel poured.
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. Worldsteel represents steel producers, national and regional steel industry associations and steel research institutes. Members represent around 85% of global steel production.
The 64 countries included in this table represent 85% of global steel production.
Iranian steel mills produced a total of 29.02 million tons of crude steel in 2020, which indicate a 13.35% rise compared with 2019 and the highest growth in the list of the world's top 10 producers.