Domestic Economy

Iran's Q1 Steel Output Rises by 10.7 Percent to 7.5 Million Tons

Iran recorded the second highest growth in the list of world's top 10 steel producers during the first three months of 2021

Iranian steel mills produced a total of 7.5 million tons of crude steel during the first three months of 2021, which indicate a 10.7% rise compared with 2020, recording the second highest growth in the list of the world's top 10 steel producers. 
As per the latest report released by the World Steel Association, Iran's March output hit 2.6 million tons, up 10.7% YOY. 
The report ranks Iran the world’s 10th biggest crude steel producer. China was the world’s largest crude steel producer in Q1 with 271 billion tons of steel output, up 15.6% YOY.
It was followed by India with 29.6 million tons (up 10.4%), Japan with 23.7 million tons (down 1.7%), the United States with 20.4 million tons (down 6.3%), Russia with 18.9 million tons (down 4.4%), South Korea with 17.6 million tons (up 3.8%), Germany with 10 million tons (up 1.7%) and Turkey with 9.8 million tons (up 9.5%).
Iran is placed after Brazil (ninth) with 8.7 million tons.


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