• Domestic Economy

    Iran’s Crude Steel Output Rises 8.5% to 27.9m Tons

    Iran has maintained its global standing as the world’s 10th biggest crude steelmaker

    Iranian steel mills produced a total of 27.9 million tons of crude steel during from the beginning of 2022 until November, registering an 8.5% rise compared with the corresponding period of 2021, the latest data released by the World Steel Association show.

    Its November output hit 2.9 million tons, registering a 3.9% year-on-year rise. 

    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 11-month period with 935.1 million tons of steel output, down 1.4%. It was followed by India with 114.2 million tons (up 6%), Japan with 82.3 million tons (down 6.9%), the United States with 74.4 million tons (down 5.5%), Russia with 65.9 million tons (down 7%), South Korea with 60.6 million tons (down 6.1%), Germany with 34.2 million tons (down 7.9%) and Turkey with 32.5 million tons (down 12.3%).

    Iran is placed after Brazil (ninth) with 31.5 million tons (down 5.9%). 

    The world’s 64 steelmakers produced 1.69 billion tons of steel during the 11 months under review, down 3.7%. Countries located in Asia and Oceania collectively produced 1.24 billion tons of the total. 

    The Middle East produced 40.2 million tons of crude steel during the period, posting an increase of 7.7% compared with the same period of last year.

    Crude steel is defined as steel in its first solid (or usable) form: ingots and semi-finished products (billets, blooms and slabs). This is not to be confused with liquid steel, which is steel poured.

    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. These steelmakers produced 1.91 billion tons of steel last year, up 3.6%. 

     

    Iran's November output hit 2.9 million tons, registering a 3.9% year-on-year rise

    In 2021, countries located in Asia and Oceania collectively produced 1.38 billion tons of the total while the Middle East produced 41.2 million tons of crude steel, posting an increase of 1.2% compared with the same period of the previous year.

    Iranian steel mills produced a total of 28.5 million tons of crude steel in 2021, registering a 1.8% decline compared with 2020.

    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.

    Latest data released by the Iranian Steel Producers Association show Iranian steelmakers registered a 14% rise in production of both semi-finished steel products and finished steel.

    According to the report, they produced a total of 21.13 million tons of semis during the first eight months of the current Iranian year (March 21-Nov. 21), 14% more than in the corresponding period of last year.

    The production of billet and bloom reached 12.83 million tons, registering a 17% rise while that of slab stood at 8.3 million tons to mark a 10% rise. 

    The output of finished steel increased by 14% to 14.74 million tons during the period. 

    Long steel products grabbed the highest share of finished steel output with 8.65 million tons, registering a 17% increase compared with the similar period of last year.

    Production of rebar stood at 7.25 million tons (up 20%), beams hit 808,000 tons (up 2%) and L-beam, T-beam and other types of beams amounted to 581,000 tons (up 7%).

    Flat steel production reached 6.08 million tons (up 10%) while hot-rolled coil output had the biggest share of flat steel production with 5.87 million tons, marking an 8% rise. It was followed by cold-rolled coil with 1.43 million tons (down 1%) and coated coil with 1.62 tons (down 3%).

    The output of direct-reduced iron stood at 24.15 million tons during the period, up 20%.

    Iran and India are the world’s biggest producers of DRI, also known as sponge iron.

    According to ISPA, the output of semi-finished products stood at 27.9 million tons in the fiscal 2021-22, 8% less compared to the previous year.

    Billet and bloom made up 16.66 million tons of total semi-finished production, down 11% year-on-year.

    Slab output reached 11.24 million tons to register a 2% decline. 

    The output of finished steel decreased by 5% during the same period to 19.64 million tons. 

    Long steel products had a 11.21 million-ton share in the output of finished steel products, posting a 3% fall.

    Rebar production stood at 9.15 million tons (down 4%) and was followed by beams with 1.22 million tons (down 2%) and L-beam, T-beam and other types with 837,000 tons (up 1%).

    The production of flat steel with 8.49 million tons registered an 8% decrease. 

    Hot-rolled coil comprised 8.29 million tons in this category, showing a 6% decline, followed by cold-rolled coil with 2.59 million tons, unchanged, and coated coil with 1.5 million tons, up 2%. 

    The output of direct-reduced iron stood at 30.33 million tons last year, down 3%.

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