Iran’s Steel output hits 5.5mln tons in 4 months

TEHRAN (Tasnim) – Iran has produced over 5.5 million tons of steel in the first four months of 2016, data released by the World Steel Association shows.

Iran’s steel production from January to April 2016 stood at 5.57 million tons indicating a growth of 1.5% compared with the same period last year, according to the latest report by the World Steel Association.

The Islamic Republic had produced 5.488 million tons of steel in the first four months of 2015.

The volume of steel produced in Iran in April amounted to 1.509m tons, which showed a 7.8 percent increase compared to the same month in 2015.

Back in February 2015, a master plan devised by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) was released, showing that the country is planning to raise its annual capacity to produce steel by 11.6 million tons with the collaboration of a number of domestic and foreign companies.

Iran is the biggest steel producer in the Middle East and North Africa. The country’s main steel production facilities are located in Isfahan and Khuzestan provinces.

By Tasnim News Agency