Domestic Economy

Iran Steel Output Rises 11.3% YOY to 18.6m Tons

Iran is now the world's 10th biggest steel producer
Iran Steel Output Rises 11.3% YOY to 18.6m TonsIran Steel Output Rises 11.3% YOY to 18.6m Tons

Iranian steel mills produced 18.6 million tons of crude steel during the first eight months of 2020 (January to August), which indicates an 11.3% rise compared with the 2019 corresponding period, the latest report released by the World Steel Association shows.
The country's August output increased 14.6% year-on-year to hit 2.4 million tons, according to the Brussels-based international trade body for the iron and steel industry.
Iran’s world ranking as crude steel producer remains unchanged compared to Worldsteel's previous monthly report that placed the country at 10th place.
The country is placed between Brazil (ninth) with 19.77 million tons of production and Vietnam (11th) with 15.39 million tons, the new report shows.
The world’s 64 steelmakers produced 1.18 billion tons of steel over the eight-month period, down 4.2% YOY.


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