OECD: Iran's Steel Production Capacity to Rise 51% by 2022

The Organization for Economic Cooperation and Development has predicted Iran’s nominal annual crude steelmaking capacity to reach 54.4 million tons by 2022, an increase of 51% compared to the capacity level of 36 million tons registered by the end of 2019.
In a newly-released report, OECD has provided an overview of steelmaking capacity developments taking place around the world, providing an assessment of gross capacity additions that could come on stream from 2020 to 2022, based on information available until December 2019.
Reviewing developments in Iran, the report says a total of 2.8 million tons of steelmaking capacity came on stream in 2019.