Iran Planning 33mln Ton Steel Production in Current Year
Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
A study on the performance of mining section affiliated to Iranian Mines and Mining Industries Development and Renovation Organization [IMIDRO] in the field of steel ingot produced in the first month of the current year [from March 20 to April 20] shows that approximately 5.4% of total 33 million tons of steel, predicted to be produced by the end of the year, has materialized.
Some 1,797,927 tons of steel was produced by relevant companies in the country in the first month of the current year, a 1% growth as compared to the last year’s corresponding period.
Last week, Persian-language news outlets reported, that Iran has become the leading country in the field of producing and exporting steel in the Middle East region, media reports said.
With more than half a century experience, Iran’s steel industry is leader in the Middle East among its rivals in terms of steel production and exportsIt is expected that Iran’s steel industry will promote its level from 10th to 7th in global arena by 2025.
According to the latest data of country’s Comprehensive Steel Plan, the Islamic Republic of Iran, Saudi Arabia, the United Arab Emirates (UAE) and Qatar are major steel producers in the Middle East region.
Statistics showed that the Islamic Republic of Iran produced about 25 million tons of steel in 2018, accounting for over 69 percent share of steel production in the region.
Iran, Saudi Arabia and the UAE, in addition to being the largest producers of steel in the Middle East region, have also the highest steel consumption volume.
The aforementioned three countries have accounted for over 70 percent share of steel consumption in the region.
source: Fars News
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