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Iran Produces 11.4m Tons of Crude Steel in Five Months

Iran Produces 11.4m Tons of Crude Steel in Five Months
Iran Produces 11.4m Tons of Crude Steel in Five Months

Iranian steel mills produced a total of 11.4 million tons of crude steel in the first five months of 2022, registering a 10.8% decline compared with the corresponding period of 2021. 
A new report released by the World Steel Association shows Iran's May output hit 2.3 million tons, down by 17.6% year-on-year. 
In terms of world ranking, Iran maintained its global standing as the world’s 10th biggest crude steelmaker. 
China was the world’s largest producer during the five-month period with 435 million tons of steel output, down 8.7% YOY. It was followed by India with 53.2 million tons (up 6.5%), Japan with 38.5 million tons (down 3.5%), the United States with 34.3 million tons (down 1.6%), Russia with 31 million tons (down 2.3%), South Korea with 28.2 million tons (down 3.4%), Germany with 16.4 million tons (down 4.8%) and Turkey with 3.2 million tons (down 2.8%).

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