Iran Registers 34% Rise in Crude Steel Production

Iranian steel mills produced 2 million tons of crude steel in July to register a 34.1% year-on-year rise, according to the World Steel Association.
The World Steel Association is one of the largest and most dynamic industrial associations, with members in every major steel-producing country.
Worldsteel represents steel producers, national and regional steel industry associations and steel research institutes. Members represent around 85% of global steel production.
The 64 countries included in the Worldsteel report produce 85% of global steel.
“The installed capacity of crude steel production in Iran has exceeded 40 million tons per year,” Deputy Industries Minister Vajiollah Jafari said last year. 
“The annual production of steel ingots has exceeded 30 million tons,” the official was also quoted as saying by IRNA during the 8th Steelprice Conference held in October 2021.
“Installed capacity in the domestic steel industry is about 36 million tons of direct reduced iron, 66.7 million tons of pellets and 62.7 million tons of [iron ore] concentrate, but we are still facing problems in supplying raw materials,” he added.
Jafari noted that the target capacity of 55 million tons of steel ingots is expected to be achieved by March 2026. 
MSC is the biggest steelmaker in Iran and the Middle East and North Africa region, accounting for about half of the country's steel production. 
According to Worldsteel, Iran is the world’s 10th biggest producer of crude steel.
China is the world’s largest producer.