19 Apr 2024
Sunday 25 September 2016 - 12:02
Story Code : 232526

Irans 8-month crude steel output up 5% yr/yr: WSA

TEHRAN- Iran produced 11.451 million tons of crude steel in the first eight months of 2016, with 5 percent rise from 10.894 million tons in the same period of time in the previous year, the World Steel Association (WSA) reported.


It is while the worlds steel production fell 0.9 percent to 1.065 billion tons in the mentioned time compared to the first eight months of 2015.

The WSAs latest report also put Irans crude steel output at 1.35 million tons in August 2016, showing eight percent growth from 1.249 million tons in August 2015.

The countrys steel production stood at 16.110 million tons in 2015, indicating 1.4 percent fall from 2014.

As a major steel producer in the region, Iran boosted its steel mills across the country in recent years, as central Isfahan and southwestern Khuzestan provinces remain the major steel producers.

According to WSA, Iran was the biggest producer of crude steel in the Middle East in 2013. The countrys rank was 14th in the world in 2014.

By Tehran Times
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