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%).