Domestic Economy

Iran Steel Output Down 8.6%

The decline in steel production has to do with blackouts and power supply restrictions of the past few months
Iran Steel Output Down 8.6%
Iran Steel Output Down 8.6%

Iranian steel mills produced a total of 19.3 million tons of crude steel in the first nine months of 2021, which indicate an 8.6% decline compared with the corresponding period of 2020. 
As per the latest report released by the World Steel Association, Iran's September output amounted to 1.3 million tons, down 51.4% year-on-year. 
Despite the decline in output, Iran maintained its global status as the world’s 10th biggest crude steel producer. China was the world’s largest crude steel producer in the nine-month period with 805.9 million tons of steel output, up 2% YOY.
It was followed by India with 87.3 million tons (up 23.3%), Japan with 72.1 million tons (up 17.9%), the United States with 64.4 million tons (up 19.8%), Russia with 56.4 million tons (up 6.2%), South Korea with 52.9 million tons (up 6.7%), Germany with 29.9 million tons (up 16.1%) and Turkey with 29.9 million tons (up 15%).


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