Iranian Steel Production Registers Highest Growth

Iranian steel mills produced a total of 23.8 million tons of crude steel during the first 10 months of 2020, which indicates a 12.61% rise compared with the corresponding period of 2019, the latest report released by the World Steel Association shows.
Iran remains the world’s 10th biggest crude steel producer—unchanged compared to the previous monthly report. Nonetheless, Iran registered the highest growth in output among the world's top 10 producers, thanks to a rise in domestic demand and export profitability in recent months. 
Turkey and China came next with a 4.2% and 5.5% increase in their 10-month output, while the growth was negative for other major steel producers.