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Domestic Economy

Growth in Upstream Steel Output

The upstream steel industry registered growth in the production of iron ore concentrate and granulated iron ore during the first four months (March 21-July 22) of the fiscal 2021-22 compared with last year’s corresponding period, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

The IMIDRO report takes into account the output of major producers, hence the overall production should be higher than the figures quoted here.

A total of 17.04 million tons of iron ore concentrate were produced during the four months under review, marking a 6% increase compared with the same period of last year. 

According to IMIDRO, Golgohar Mining and Industrial Complex had the highest share of the output by producing 5.8 million tons.

Chadormalu Mining and Industrial Complex came next with 4.12 million tons, followed by Middle East Mines and Mining Industries Development Holding Company with 2.08 million tons and Goharzamin Iron Ore Company with 1.53 million tons of output during the two-month period.

Other major producers included Iran Central Iron Ore Company with 1.29 million tons, Sanabad Development Company with 669,387, Opal Parsian Sangan with 659,628 tons, Sabanour Mining and Industrial Development Company with 428,034, Jalalabad Iron Ore Complkex with 175,214 and Sangan Mineral and Industrial Company with 278,351 tons. 

Iron ore concentrate output during the fourth Iranian month (June 22-July 22) amounted to 3.35 million tons, registering a 19% decline compared with the same period of last year. 

A total of 378,198 tons of granulated iron ore were produced by major producers in the four-month period, registering a 6% decline year-on-year.

Granulated iron ore output stood at 147,310 tons during the fourth month (June 22-July 22) of the current fiscal year. The figure is 24% higher than the corresponding period of last year.