Domestic Economy

Iran Steel Output Rises 40.5%

Iran is currently the world's ninth biggest producer of steel
Iran Steel Output Rises 40.5% Iran Steel Output Rises 40.5%

Iranian steel mills produced 5.6 million tons of crude steel during the first two months of 2020, which indicates a 40.5% rise compared with the corresponding period of 2019, the latest report released by the World Steel Association shows.
The country's February output grew 34.3% year-on-year to hit 2.71 million tons, according to the Brussels-based international trade body for the iron and steel industry.
Iran’s world ranking declined from the previous eighth (in January) to become the world's ninth biggest crude steel producer during the two months under review.
The country is placed between Turkey (eighth) with 5.86 million tons of production and Brazil (10th) with 5.38 million tons, the new report shows.


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